Released 30 March 2021
The Financial Conduct Authority (FCA) has announced that it intends to consult on amendments to its Listing Rules and related guidance to strengthen protections for investors in Special Purpose Acquisition Companies (SPACs).
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. Our proposals will help to ensure that SPACs operate within a framework of high regulatory standards and oversight.
Further information can be found at https://www.fca.org.uk/news/statements/future-consultation-strengthening-investor-protections-spacs.