For public companies looking to raise capital relatively quickly and at a lower cost, equity lines of credit (ELOCs) and at-the-market equity offerings (ATMs) may be viable options. Both allow companies to control the timing...more
With effect from October 29, 2025, Singapore Exchange Regulation (SGX RegCo) has put into place measures in response to comments on its consultation paper on “A Shift to a More Disclosure-Based Regime” (issued on May 15,...more
On 15 July 2025, the UK Digitisation Taskforce (the Taskforce) published its Final Report on the proposed digitisation of the UK shareholding framework (see the August edition of this newsletter). One of the key...more
Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. ...more
On 21 October 2025, the UK government announced it will introduce reforms that would reduce corporate reporting and governance compliance burdens on UK listed companies. ...more
Nasdaq has put forward a proposal that would significantly tighten its approach to companies falling out of compliance with listing standards. The proposal is still in the public comment phase with a statutory decision...more
In brief - On 20 October 2025, ASX released its consultation paper titled “Shareholder approval of dilutive acquisitions and changes in admission status” (Consultation Paper) (link to the Consultation Paper here)....more
Italy has been in the process of reforming its capital markets laws and regulations for several years with the goal of creating a simpler and more competitive regime that facilitates capital formation....more
The Nasdaq Stock Market LLC (Nasdaq) recently filed new rule proposals (SR-NASDAQ-2025-068 and SR-NASDAQ-2025-069) with the Securities and Exchange Commission (SEC) which, per Nasdaq, provide “enhancements to its initial and...more
The U.S. Securities and Exchange Commission’s recent approval of the Texas Stock Exchange LLC (TXSE or the Exchange) as the newest national securities exchange marks a significant development in the U.S. capital markets....more
As I mentioned in Part 1 of this blog, recent proposals and commentary from Nasdaq show that the exchange is focused on encouraging capital formation. That post addressed Nasdaq’s efforts to modernize market infrastructure...more
A series of recent Nasdaq proposals make it more important than ever for smaller companies to closely monitor compliance. At the same time, they show that Nasdaq wants to send a market signal about the quality of its listed...more
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 58 (PMB 58), which provides key guidance in respect of the forthcoming Public Offers and Admissions to Trading Regulations (POATRs) regime taking...more
This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime....more
Under the EU’s Markets in Crypto-Assets Regulation (MiCA), digital asset issuers hoping for associated digital assets to remain listed on European exchanges are now required to submit white papers meeting mandatory...more
The United Kingdom prospectus regime is changing in 2026. This presentation provides an understanding of the new UK Public Offer and Admission to Trading Regulations 2024 (POATR) with a focus on debt capital markets. POATR...more
On 30 September 2025, the eve of the government shutdown, the Securities and Exchange Commission (SEC) issued an order granting the Texas Stock Exchange LLC’s (TXSE) registration as a national security exchange (the Order)....more
On September 30, 2025, the U.S. Securities and Exchange Commission (SEC) approved the application of the Texas Stock Exchange LLC (TXSE) to become the 29th registered national securities exchange in the United States. This...more
On September 17, 2025, the Securities and Exchange Commission (SEC) issued an order (the order) approving new generic listing standards for certain commodity-based exchange-traded products (ETPs), including those backed by...more
Below is our quarterly briefing covering the most important developments for UK PLCs, UK equity capital markets and UK public M&A. In this issue, we review: New UK Prospectus Rules. The new prospectus rules are due to come...more
In September 2025, there were four Rule 2.7 announcements made across the UK public M&A market and seven further possible offers announced....more
On September 30, 2025, the U.S. Securities and Exchange Commission (SEC) formally approved the Texas Stock Exchange (“TXSE”) to operate as a national securities exchange.[1] This marks a major milestone — the first fully...more
On September 30, 2025, Texas Group Inc. ("TXSE Group") announced that it has received formal approval of its Form 1 Registration Statement from the U.S. Securities and Exchange Commission ("SEC") to operate the Texas Stock...more
The Texas Stock Exchange (TXSE), based in Dallas, Texas, has received approval from the Securities and Exchange Commission to operate as an exchange, with plans to begin listing shares in 2026. TXSE was created to reduce...more
On September 3, 2025, Nasdaq filed two separate rule proposals with the U.S. Securities and Exchange Commission (“SEC”) that, if approved, will materially raise the bar for companies seeking to list, and remain listed, on...more