The Financial Conduct Authority’s recently published Primary Markets Effectiveness Review consultation (CP 23/10) aims for a less prescriptive and more disclosure-based approach to listing regulation and investment risk than the current rules. This means investors will be expected to take greater responsibility for due diligence and engagement with companies – both when they first come to market and on an ongoing basis.
In this article we take a closer look at how the proposals will affect the continuing obligations of existing premium listed companies. We also highlight where the FCA is consulting on whether extra measures may be desirable to ensure the right balance between greater flexibility and investor protection.
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For further information, please contact:
James Wootton, Partner, Linklaters
james.wootton@linklaters.com