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ARTICLE · 15 NOVEMBER 2017

Listing Rule Change Alert For 2018 IPOs

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On 26 October the FCA announced a package of rule changes which will affect IPOs scheduled for 2018.

United KingdomFinance and Banking
Adrian West
Adrian West
Richard Spedding
Richard Spedding
Aaron Stocks
Aaron Stocks
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On 26 October the FCA announced a package of rule changes which will affect IPOs scheduled for 2018.

From January 2018, a new version of the premium listing eligibility requirements will come into force. Notably, a new concessionary route for property companies will be introduced. Chapter 6 has been redrafted for clarity and several new Technical Notes will be introduced. In addition, there will be changes in relation to the class tests and reverse takeovers.

From July 2018 new rules will come into force on research in the context of IPOs. These new rules will require an approved prospectus or registration document to be published, and for unconnected analysts to have access to management, before connected research is published.

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