The FCA has announced a variety of measures with the aim of strengthening the UK’s capital markets.
1. New public offers and admissions to trading regime
A key aspect of the package includes proposals (CP24/12) to replace existing UK Prospectus Regulation with a new Public Offers and Admissions to Trading Regime (POATRs). This would mean that, whilst companies would still have to publish a prospectus when first admitting securities to public markets, this would not generally be required when raising further capital.
The FCA is consulting further (CP24/13) on the proposed new regime for public offer platforms, aiming to facilitate firms in helping companies make public offers of securities outside a public market to investors, including retail consumers. The proposals aim promote public offer platforms to carry out appropriate due diligence on companies, providing accurate information to investors.
Both consultations close on 18 October 2024.
2. Derivatives trading obligation
The FCA
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