FCA issues Primary Market Bulletin 58 and consults on updates to Knowledge Base ahead of POATRs implementation
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 58 (PMB 58), where it outlines key steps for submitting documents before the new Public Offers and Admissions to Trading Regulations (POATRs) regime takes effect, including the process for submitting draft prospectuses, registration documents, universal registration documents and securities notes from 1 December 2025 for approval on or after 19 January 2026 via the Electronic Submission System (ESS). New forms and cross-reference checklists will be made available on or around 24 November 2025 to support submissions, and the final day for approvals under the existing regime will be Friday 16 January 2026.