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The Stars Align - FCA’s PISCES Proposals to Build on Private Market Practices

The FCA is approaching its design of the world’s first regulated private/public crossover market with a “private plus” rather than a “public minus” mindset. On 17 December 2024, the FCA launched a consultation on its...more

FRC Launches Progressive Consultation on Wide-Ranging Revisions to Its Stewardship Code

The proposals seek to address engagement feedback which called for a more effective stewardship model that would support UK competitiveness and growth. On 11 November 2024, the Financial Reporting Council (FRC) launched...more

It’s in the Stars - HM Treasury Recasts and Pushes Forward PISCES

The world’s first regulated private/public crossover market is significantly redesigned as a friction-free “private up” rather than “public down” market with rethought approach to disclosure and market abuse....more

FCA Launches Consultations on the New Prospectus Regime and Public Offer Platforms

On 26 July 2024, the FCA published consultation papers on a new public offers and admissions to trading regime to replace the existing UK Prospectus Regulation, and on proposals to establish public offer platforms (POPs) as a...more

UK Government Consults on World’s First Regulated Public-Private Crossover Market

UK Chancellor launches consultation on the proposed Private Intermittent Securities and Capital Exchange System (PISCES) as part of the Spring Budget. On 6 March 2024, HM Treasury published a consultation paper seeking...more

FRC Provides a Significant Update on Its Future Policy and Cuts Back on Proposed Corporate Governance Code Changes

The FRC’s future work will be assessed through the lens of the UK’s economic growth and international competitiveness. On 7 November 2023, the FRC announced a significant and wide-ranging policy update which included a...more

FCA Publishes Further Engagement Papers on Prospectus Reforms

The FCA reveals its initial thinking on the regulatory framework for primary multilateral trading facilities and public offer platforms. On 13 July 2023, the FCA published its fifth and sixth engagement papers to solicit...more

FCA Proposes Radical Reforms to Encourage UK Listings

Proposals significantly reduce the regulatory burden on premium listed companies. On 3 May 2023, the FCA published a consultation paper CP23/10 which sets out a blueprint for changes to the UK listing regime and the...more

FCA Proposes Radical Reforms to Encourage UK Listings: 60-Second Read

Proposals dramatically reduce the regulatory burden on listed companies. On 3 May 2023, the FCA published a consultation paper CP23/10 which sets out a blueprint for changes to the UK listing regime. The key reform...more

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