On 27 May 2022, the FCA published Primary Market Bulletin 40.

In Primary Market Bulletin 40 the FCA follows up on its earlier consultation set out in Primary Market Bulletin 34. In Primary Market Bulletin 34 the FCA set out proposed changes to, 1 procedural note, 10 technical notes and four new technical notes. One of the technical notes would be an adaptation of Primary Market/TN/619.1 as FCA guidance covering the European Securities and Market’s Authority’s guidelines on disclosure requirements under the Prospectus Regulation. The FCA will also be augmenting it with measures on specialist issuers.

The updated procedural note is:

The updated technical notes are:

The new technical notes are: