Proposed changes to the UK Listing Rules would allow certain SPACs to avoid a listing suspension.
Key Points:
..The FCA is proposing to amend its rules so that SPACs meeting certain conditions and disclosure requirements could avoid a listing suspension when they identify a target to acquire.
..These proposals are designed to enhance the attractiveness of the UK as a destination for larger SPACs that have appropriate investor protection measures embedded in their structures.
..Comments are requested by 28 May 2021.
Please see full publication below for more information.
