UK Regulator Proposes Changes to IPO Process

16 March 2017
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Key takeaways

  • The UK financial services regulator, the FCA, is consulting on the availability of information in the UK IPO process.
  • Proposed new rules would ensure that the prospectus is published much earlier in the process than is current practice.
  • The proposals are also designed to facilitate the preparation of “unconnected” analyst research before any “connected” research is released.
  • The FCA has also raised concerns that some current practices regarding disclosure of information during the IPO process may be inconsistent with the Market Abuse Regulation.