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FCA eases IPO rules
['James Langton']
Investment Executive
The U.K.’s Financial Conduct Authority (FCA) is seeking to boost public listings by scrapping measures that were adopted to encourage the provision of independent equity research to accompany initial public offerings (IPOs).
These provisions were introduced back in 2018 in an effort to encourage more independent equity research to accompany IPOs.
The reforms “also advance our secondary objective of supporting the competitiveness and growth of U.K. markets — helping companies access capital and giving investors access to a wider range of investment opportunities,” it noted.
Jon Relleen, director of infrastructure and exchanges at the FCA, said, “We want the U.K. market to be an attractive place for companies to raise capital and grow.
By making the U.K. listing regime more efficient, we are supporting the growth and competitiveness of U.K. capital markets.”