The Financial Conduct Authority (FCA) has published its long-awaited re-set of the UK’s prospectus rules. The reforms represent the biggest change to the UK public offer regime since 2005.
FCA Policy Statement 25/9 contains the new rules, which set out the detailed requirements of the new UK prospectus regime – and follow the establishment of the framework for the new regime through the making of the Public Offers and Admissions to Trading Regulations last year. The final rules are broadly in line with CP24/12, the FCA’s consultation in July 2024 on the new regime. They aim to reduce the costs of listing on UK markets, make capital raising easier for UK listed companies and remove barriers to retail participation. They dovetail with the introduction of the new UK Listing Rules in July 2024 (read more on the new UK Listing Rules in our blog here).
Michael Jacobs
Partner, Head of Equity Capital Markets, London
Tom O'Neill
Partner, Head of Equity Capital Markets, London
Sarah Ries-Coward
Partner, London
Mike Flockhart
Managing Partner, Corporate, UK and EMEA, London
Robert Moore
Partner, London
Greg Mulley
Partner, London
Thomas Vaughan
Of Counsel, London
Sarah Hawes
Head of Corporate Knowledge, UK, London
Key contacts
Michael Jacobs
Partner, Head of Equity Capital Markets, London
Tom O'Neill
Partner, Head of Equity Capital Markets, London
Sarah Ries-Coward
Partner, London
Mike Flockhart
Managing Partner, Corporate, UK and EMEA, London
Robert Moore
Partner, London
Greg Mulley
Partner, London
Thomas Vaughan
Of Counsel, London
Sarah Hawes
Head of Corporate Knowledge, UK, London
Erica MacDonald
Knowledge Lawyer, London
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