Reed Smith Client Alerts

The UK Financial Conduct Authority (FCA) has confirmed the introduction of significant changes to the UK IPO process. The new rules, which will come into effect on 1 July 2018, will require IPO candidates to publish an FCA-approved ‘registration document’ before any connected research is released.

Authors: Delphine Currie James F. Wilkinson Daniel K. Winterfeldt Ed Tyler

Type: Client Alerts

Reforming the availability of information in the UK IPO process

Following its April 2016 discussion paper and March 2017 consultation document, the UK Financial Conduct Authority (FCA) has released a policy statement that will bring about significant changes to the UK IPO process. The headline changes are essentially the same as those proposed in the consultation document. The new rules will come into effect on 1 July 2018.