Companies Act 2014 section 1266

Requirement for corporate governance statement and modification of certain provisions of Parts 5 and 6 as they apply to PUCs and PULCs

Section 1266 requires certain Public Unlimited Companies (PUCs) and Public Unlimited Companies with a share capital (PULCs) whose debentures are traded on a regulated market in the European Economic Area to include a corporate governance statement in accordance with the relevant provisions of the Act.

• This section applies to Public Unlimited Companies (PUCs) and Public Unlimited Companies with a share capital (PULCs)
• It only applies where those companies have debentures admitted to trading on a regulated market in an EEA state
• The requirement is to prepare and include a corporate governance statement as set out in Chapter 3 of Part 23 of the Companies Act 2014
• Certain provisions of Parts 5 and 6 of the Act are modified in how they apply to these types of companies