We are consulting on the following changes to the Knowledge Base.
Why we are consulting
On 15 July 2025 we published Policy Statement PS25/9, setting out the new Public Offers and Admissions to Trading Regulations (POATRs) regime. This included our Prospectus Rules: Admission to Trading on a Regulated Market (PRM) sourcebook.
These new rules and amendments came into force on 19 January 2026.
In PS25/9 we explained that we planned to consult on Technical Notes to provide guidance for the POATRs regime. We are now consulting on changes to the Knowledge Base related to the POATRs regime.
Summary of our proposals
We are consulting on the following changes to the Knowledge Base. For ease, the amended note is presented with changes marked.
We summarise our proposals in Primary Market Bulletin 63.
Amendments to the following technical note:
Next steps
Please send your comments on our proposals by 15 June 2026 to [email protected].
Background
The Knowledge Base is our repository of non-Handbook commentary that has the status of formal FCA guidance.
It consists of a series of procedural and technical notes ordered by topic. The notes involve, among other topics, aspects of the:
- UK Listing Rules
- PRM
- Disclosure Guidance and Transparency Rules
The information aims to help issuers, sponsors and practitioners interpret these rules.