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
Along with other stock exchanges across the world, the London Stock Exchange (LSE) had a challenging 2023, recording only 23 new listings with a total value of less than US$1 billion. This represented a 23 percent...more
4/17/2024
/ Capital Markets ,
Corporate Governance ,
Financial Services Industry ,
Global Market ,
Initial Public Offering (IPO) ,
Investment ,
Investors ,
Listing Rules ,
London Stock Exchange ,
Shareholders ,
Stock Exchange ,
UK
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
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
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
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
Resetting expectations -
It was clear in the opening months of 2022 that the winds had changed for the global IPO market as compared to the prior year, a rocky path that continued throughout the year and into the first...more
4/28/2023
/ Asia Pacific ,
Capital Markets ,
Economic Growth ,
EMEA ,
Environmental Social & Governance (ESG) ,
EU ,
Global Market ,
Initial Public Offering (IPO) ,
Investment ,
Investors ,
Publicly-Traded Companies ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Markets ,
Technology Sector ,
UK
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 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
7/21/2022
/ BEIS ,
Capital Investments ,
Capital Raising ,
Companies Act ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
Financial Adviser ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Pre-emptive Rights ,
Retail Investors ,
Shareholder Protection Agreements ,
UK
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
5/27/2022
/ Capital Markets ,
Eligibility ,
Equity Markets ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FTSE ,
Investment ,
Investors ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs) ,
UK
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 has issued guidance on what should be included in EU prospectuses issued by special purpose acquisition companies (SPACs). ...more
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
Although most SPAC activity is concentrated in the US, the boom in listings spells opportunities for European firms -
Amid the ups and downs in financial markets in 2020, the boom in activity in the special purpose...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
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
One key facet of the Angolan government's recent reforms is the Privatization Framework Law (Law No. 10/19, enacted in May 2019 and approved by Presidential Decree no. 250/19 in August 2019). This Decree will govern Angola's...more
10/13/2020
/ Africa ,
Angola ,
Anti-Corruption ,
Coronavirus/COVID-19 ,
Economic Growth ,
Financial Institutions ,
Popular ,
Privatization ,
Stabilization Issues ,
Stock Exchange ,
Sustainability ,
World Bank
In March 2020, the UK Financial Conduct Authority (the “FCA”) published consultation paper CP 20/3 concerning proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure...more
9/22/2020
/ Annual Reports ,
Board of Directors ,
CEOs ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Listing Rules ,
Premium Listed Issuers ,
Prospectus ,
Public Consultations ,
Shareholders ,
Supply Chain ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
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
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
There has been a lot of publicity and interest surrounding the direct listings of Spotify (2018) and Slack (2019) in the United States. In many respects, these transactions resemble the traditional "introduction" which has...more
6/16/2020
/ Compliance ,
Corporate Issuers ,
Direct Listing ,
EU ,
Initial Public Offering (IPO) ,
Investment Banks ,
NYSE ,
Private Placements ,
Publicly-Traded Companies ,
Reporting Requirements ,
Slack ,
Spotify ,
UK