The FCA has published a report outlining a proposed package of initiatives to improve the UK’s wholesale debt listing regime. The report outlines the measures the FCA has or will take as a result of its engagement with the UK Debt Market Forum. Such measures include an:
- extension of the scope of the FCA’s ‘Wholesale Debt Approach’ to reviewing wholesale debt documents;
- a proposed new guidance note on omitting the requirement to provide historic financial information on guarantors;
- extension of the scope of the FCA’s ‘Same Day Service’ under which it reviews prospectus supplements; and
- early engagement team designed to help prospective overseas issuers understand better the process for listing debt securities.
View FCA proposal to improve UK’s wholesale debt listing regime, 27 April 2016