FCA to overlook listing of SPACs in the UK

, Citywire UK

The FCA hopes to soon issue detailed rules and guidance on amendments to UK listing rules to encourage the formation of SPACs, that would follow the conclusion of a four-week consultation which will explore consider how to maintain the integrity of the rulebook while also easing regulatory disincentives.

In a statement, the FCA said: ‘Our proposals will help to ensure that Spacs operate within a framework of high regulatory standards and oversight. ‘The consultation will consider the structural features and enhanced disclosure, including a minimum market capitalisation and a redemption option for investors, required to provide appropriate investor protection.’

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