To embed, copy and paste the code into your website or blog:
The FCA has today published a consultation paper proposing changes to the Listing Rules applicable to Special Purpose Acquisition Vehicles (SPACs). A link to the consultation paper can be found here.
The FCA's main proposal is to remove the existing presumption in the Listing Rules that the listing of a SPAC will be suspended when it identifies a potential acquisition target.
The removal of the suspension presumption would be contingent on a SPAC having certain features built into its structure and providing certain disclosures to the market.
In order to avoid a suspension of its listing, a SPAC would need to satisfy the following criteria: