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[1], 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[2] related to the POATRs regime.
Summary of our proposals
We are consulting on the following changes to the Knowledge Base[2]. For ease, the amended note is presented with changes marked.
We summarise our proposals in Primary Market Bulletin 63[3].
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[3] 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.