Prospectus Reform: How the FCA is dealing with mini-bond scandal ghosts

Part of the changes include streamlining and simplifying prospectuses for listed companies and halving the time between a prospectus being issued and an initial public offering (IPO), to allow companies to float quicker on the London Stock Exchange. The reforms also pave the way for greater retail investor access to corporate bonds, as companies will be able to issue such products via a new ‘public offer platform' (POP), which will facilitate smaller growth companies raise cash to scale up. However, retail investors have a troubled history with this type of corporate bond. In 2019,...