Major proposals for the UK's #capitalmarkets 🚀 - The FCA's proposed changes to the Prospectus Rules include increasing the prospectus threshold from 20% to 75% - a change that would significantly reduce the cost and timeframe for companies to raise money on the London Stock Exchange.
I have long argued that the current 20% limit is a serious impediment to companies choosing to list or dual list on the LSE's Main Market. This proposed change, which is at the upper end of my expectations, together with the changes to the Listing Rules that come into force today, will make the London markets much more attractive for overseas companies.
More detail can be found in the FCA's consultation paper CP 24/12, which contains full details of this and the other proposals -https://lnkd.in/etqHtBqN
The consultation period runs until 18 October 2024, with the final rules expected to be confirmed by the end of H1 2025, and introduced thereafter.
The Bird & Bird London Capital Markets team can advise on what the proposed changes mean for you.
LSEG (London Stock Exchange Group)
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