Engagement Paper published
18/05/2023
Closing date for responses
29/09/2023
29/09/2023
In this engagement paper we ask for your feedback on how we may improve the regime for non-equity securities under the new public offers and admissions to trading regime.
The Government is in the process of creating a new legislative framework that will give powers to the FCA to set rules for what disclosures companies need to provide when seeking to admit securities to a regulated market. In advance of this, we are seeking views on how we might make such rules.
We are interested in your views on whether the current UK prospectus regime broadly works well in the context of wholesale, debt capital markets.
In our view, the current regime in this area does not need a major overhaul but we are interested in views about whether there are any areas that could be improved as part of the new regime.
This paper considers:
This engagement paper is part of a series of papers setting out our emerging policy thinking on how we may use our rule-making powers under the new regime.
We welcome written responses by email to the questions raised by the engagement papers by 29 September 2023.
Please email: [email protected]
We plan to also gather views through focus groups with key trade associations and other relevant market participants and stakeholders later this year.
Feedback on this paper, and the other papers in the series, is intended to create a dialogue which will inform further development of proposed rules which we will consult on formally during 2024.