The Chancellor has delivered his first Mansion House speech with a focus on bolstering the UK capital markets. The speech highlighted the:
..highly innovative step and global first of establishing a new ‘intermittent...more
Primary Market Bulletin No. 44 reminds issuers of the:
..use of multimedia content (including audio and video) in regulatory news announcements;
..FCA’s position on the requirement for a prospectus when shares are...more
As recommended by Lord Hill, the Government has set out its policy approach to reform the UK prospectus regime. This includes separating the regulation of public offers of securities from the admission of securities to...more
Following on from the FCA’s consultation on the effectiveness of the Primary Market, the FCA has published final rules on, amongst other things, free float and minimum market capitalisation, which come into force on 3...more
12/3/2021
/ Capitalization ,
Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Listing Standards ,
Prospectus ,
Share Classes ,
Stock Float ,
Transparency ,
UK ,
Voting Rights
Lord Hill’s review of the Listing Regime along with the Kalifa Review of UK FinTech highlighted specific elements of the listing regime that act as barriers to companies listing. According to the Lord Hill’s review, the...more
Lord Hill’s findings on the UK Listings Regime in March 2021 recognised a need for change and reform including a fundamental rethink of the current prospectus regime.
In response to this, HM Treasury is consulting on...more
7/6/2021
/ Consultation ,
Corporate Governance ,
Financial Conduct Authority (FCA) ,
FSMA ,
HM Treasury ,
Initial Public Offering (IPO) ,
Privately Held Corporations ,
Prospectus ,
Public Offerings ,
Securities Regulation ,
Trading Policies ,
UK
The FCA has welcomed Lord Hill’s recommendations from the UK Listings Review, launched by HM Treasury last November.
The review has highlighted that the listing regime is in need of reform and now is the time to act....more
3/4/2021
/ Capital Formation ,
Capital Raising ,
Corporate Governance ,
Dual Class Share Structures ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Initial Public Offering (IPO) ,
Listing Standards ,
Prospectus ,
Publicly-Traded Companies ,
Retail Investors ,
Special Purpose Acquisition Companies (SPACs)
In this draft note the FCA confirms the well-established position that the issue of new securities pursuant to a scheme of arrangement (scheme) under Part 26 of the Companies Act 2006 does not constitute an offer of...more
ESMA has updated its CESR recommendations in line with the Prospectus Regulation and has taken this opportunity to clarify its expectations on key areas such as working capital statements and pro forma information. The...more
On 11 December 2019, a Regulation amending the Market Abuse Regulation and the Prospectus Regulation was published. The aim of these amendments is to increase the attractiveness of SME Growth Markets by reducing some of the...more
12/16/2019
/ AIM ,
Capital Formation ,
Capital Markets ,
Corporate Governance ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Insider Information ,
London Stock Exchange ,
Market Abuse ,
Prospectus ,
Prospectus Regulation (PR3) ,
Small and Medium-Sized Enterprises (SMEs) ,
UK