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FCA Publishes Feedback and Transformative Proposals for UK Listing Regime

Following on from the consultation earlier this year, the FCA has published feedback and detailed proposals which will transform the current listing regime. The FCA is proposing to create a single listing category for UK...more

Proposed climate-related disclosures for standard listed companies

As part of the UK government’s roadmap towards mandatory climate-related disclosures across the entire UK economy by 2025, the FCA is proposing to extend the application of its new climate-related disclosure requirements to...more

Financial Services Act 2021 - changes to PDMR notifications

The Financial Services Act 2021 (the “Act”) has received Royal Assent and is now law. What does this mean for issuers?...more

Primary Market Bulletin No.33

The Financial Conduct Authority (FCA) has published Primary Market Bulletin No.33 (PMB No.33) featuring Brexit-related changes for EEA audit firms, details of their new online portal for submitting major shareholdings...more

Primary Market Bulletin No.32 and QCA Review of the Code

The Financial Conduct Authority (FCA) has published Primary Market Bulletin No.32 (PMB No.32) to remind issuers of the changes to market rules as a result of Brexit. Separately the QCA and UHY Hacker Young have published...more

5 tips for issuers following FCA delayed disclosure review

The Financial Conduct Authority (FCA) conducted a review of Delayed Disclosure of Inside Information (DDII) notifications which identified a number of areas where it will be increasing its oversight in the future. This note...more

FCA publishes Primary Market Bulletin No. 31

This edition of the Primary Market Bulletin includes an update on the implementation of the European Single Electronic Format, COVID temporary policy measures on corporate reporting and a reminder for issuers and their...more

FCA - draft guidance on schemes of arrangement and prospectuses

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

New Listing Rules - Disclosure of rights attached to securities

With effect from 27 April 2020, the Listing Rules were amended to require issuers with equity and debt securities admitted to the Official List to ensure that a document is publicly available in the National Storage Mechanism...more

Is it time to consider cash box placings again to raise cash quickly?

Despite the cash box being a structure which has seldom been used since March 2015 due to concerns raised by investor bodies, the urgent need for cash in uncertain times may lead to a revival of this once popular...more

Primary Market Bulletin No. 27

The FCA has published a special edition of its Primary Market Bulletin which provides key commentary for issuers and market participants in light of the coronavirus pandemic. Ongoing disclosure under the Market Abuse...more

FCA publishes Primary Market Bulletin No.23

After considerable feedback, the FCA has published Primary Market Bulletin No.23 with finalised guidance on periodic financial information and inside information and commentary on MiFID II compliance and the UK IPO...more

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