To embed, copy and paste the code into your website or blog: The UK Financial Conduct Authority ("FCA") has published its proposals to amend the Listing Rules relating to special purpose acquisition companies ("SPACs"), having considered Lord Hill’s UK Listing Review Report. The proposed changes, if implemented, will only apply to SPACs which meet certain prescribed criteria, including the requirement to raise aggregate gross cash proceeds from public shareholders at IPO of at least £200 million (excluding any funds from founders / directors / sponsors / promoters, or "sponsors"). The consultation period closes on 28 May 2021 and the new Listing Rules are expected to be in force by early summer 2021.