- FCA regulates the conduct of nearly 60,000 businesses aim to make sure that financial markets work well so that consumers get a fair deal
- The FCA launched a consultation on proposed changes to its Listing Rules for certain SPACs
- Currently a SPAC listing typically suspended at the point it identifies an acquisition target
- Suspension seeks to preserve market integrity during a period when limited information on a prospective deal could result in disorderly trading in a SPAC’s shares
- The FCA proposing that SPACs that comply with higher levels of investor protection
- SPACs remain a relatively complex investment vehicle, requiring investors to understand both the capital structure of each SPAC
FCA: Consults on strengthening investor protections in SPACs
