Regulator slashes SPAC capital raise requirement in confirmation of new rules

Host of new investor protection rules

Mike Sheen
clock • 3 min read
The new rules and guidance come into force on 10 August
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The new rules and guidance come into force on 10 August

The Financial Conduct Authority (FCA) has revealed its final rules designed to encourage the UK listing of SPACs, while strengthening investor protection, with the regulator halving the minimum fund raise requirement to just £100m.

Lord Hill's 3 March Listing Review recommendations saw the FCA begin work on investor protection standards ahead of changes, which are designed to grow the number of listed equity opportunities available...

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