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FCA publishes final rules for London’s updated listing regime

The FCA has today published final updated UK Listing Rules representing the biggest overhaul to London's listing regime in over three decades. The new rules are a significant step forward for UK capital markets and set...more

FTSE indicates how it expects to update rules following FCA’s listing reforms

FTSE Russell has published an overview of the provisional changes it expects to make to its FTSE UK Index Series rules following reforms to the UK listing regime by the Financial Conduct Authority ("FCA") later this...more

HM Treasury publishes consultation on private intermittent securities exchange platform

The consultation sets out further detail on the government's proposals, announced as part of the Edinburgh Reforms in December 2022, to develop a venue for the intermittent trading of private company shares and seeks feedback...more

FCA publishes detailed proposals for reforms to UK listing regime

The FCA has published further detailed proposals for a significantly reformed UK listing regime, including the first tranche of its proposed new Listing Rules. The proposals mark another important milestone in the...more

FCA proposes significant reforms to UK listing regime

The FCA has published a consultation paper (CP23/10) containing its updated blueprint for a significantly reformed UK listing regime for share issuers. The transformational proposals are designed to make the UK listing...more

FCA updates on UK listing regime reforms

The FCA has provided updates on its expected approach to proposed reforms to the UK listing regime, including a new single listing segment. On 29 March 2023, the FCA's Chief Executive, Nikhil Rathi, delivered a speech at...more

HM Treasury report on UK Secondary Capital Raising Review

HM Treasury publishes the outcome and recommendations of the UK Secondary Capital Raising Review - On 19 July 2022, HM Treasury published the final report (the "Report") of the UK Secondary Capital Raising Review, which...more

FCA discussion paper on further UK listing regime reforms

FCA publishes discussion paper on replacing current premium and standard listing segments with new single listing segment and sponsor regime reforms- On 26 May 2022, the FCA published a discussion paper (DP22/2) seeking...more

European IPO activity proved strong, led by e-commerce and tech listings

While IPO activity was robust throughout Europe, the Nordic region stood out - It was a blockbuster year for IPOs of European firms, following the global trend. In total, 476 European firms listed last year, excluding...more

ESMA Guidance on EU SPAC prospectuses

ESMA has issued guidance on what should be included in EU prospectuses issued by special purpose acquisition companies (SPACs). ...more

FCA SPAC Consultation – Draft Rules Published

The FCA has today published a consultation paper proposing changes to the Listing Rules applicable to Special Purpose Acquisition Vehicles (SPACs). The FCA's main proposal is to remove the existing presumption in the...more

UK Listings Review – Recommendations published – SPACs and more

Lord Hill today published his recommendations following the UK Listings Review Call for Evidence in November 2020. The recommendations cover the Listing Rules applicable to Special Purpose Acquisition Companies (SPACs),...more

Market Abuse Regulation: FCA Review of Delayed Disclosure of Inside Information

On 11 November 2020, the FCA published a review of delayed disclosure of inside information (DDII) by issuers under MAR as part of its latest Primary Market Bulletin newsletter.  As part of this review the FCA analysed all...more

5 things you need to know about...SPACS

One - SPACs (special purpose acquisition or "blank cheque" companies) have recently regained prominence in the US, with H1 2020 seeing record-breaking levels of activity, both in terms of value (Bill Ackman's $4bn...more

New ESMA Guidelines on Prospectus Disclosure

Prospectus Regulation - ESMA publishes Final Report on prospectus disclosure guidance to replace CESR Recommendations - Background - On 15 July 2020, ESMA published its Final Report1 on guidelines for disclosure...more

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