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Secondary Markets Financial Conduct Authority (FCA) Investment

Orrick, Herrington & Sutcliffe LLP

PISCES: Hook, Line and Secondary Market

The Financial Conduct Authority (FCA) is aiming to bridge private and public markets with the Private Intermittent Securities and Capital Exchange System (PISCES). Only shares in unlisted UK-incorporated companies will be...more

Cadwalader, Wickersham & Taft LLP

The UK Proposes Changes to the Regulation of Equity Secondary Markets

In Policy Statement 23/4 (PS23/4) on “Improving Equity Secondary Markets,” the UK’s Financial Conduct Authority sets out its final proposed amendments to...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Secondary Capital Raising Review: Capitalising on the Drive for Regulatory Reform

On 19 July 2022, the U.K. Secondary Capital Raising Review (the Review) published its report (the Report), making significant recommendations to improve the efficiency of secondary capital raising by companies listed on the...more

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