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FCA to consult on amended rules and guidance for special purpose acquisition companies

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Published on: 01 April 2021

Published by LNB News

LNB News 01/04/2021

Document Information

Issue Date: 01 April 2021

Published Date: 01 April 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has confirmed that it will be consulting shortly on amendments to its Listing Rules and related guidance to strengthen protections for investors in special purpose acquisition companies (SPACs). The consultation will consider the structural features and enhanced disclosure, including a minimum market capitalisation and a redemption option for investors, required to provide appropriate investor protection.

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