FCA to overhaul UK prospectus rules with ‘more efficient’ capital raising regime

In a session paper revealed as we speak (26 July), the regulator laid out the proposed creation of the Public Gives and Admissions to Buying and selling Regime (POATRs) to switch the present UK prospectus regulation.
Beneath the proposed guidelines, firms will nonetheless have to publish a prospectus once they first record their securities on public markets. Nonetheless, if an organization desires to boost further capital afterward, it is not going to have to situation a prospectus besides in “restricted circumstances”.
In response to the FCA, these modifications will cut back the itemizing prices on UK markets, make capital elevating simpler a…