On 16 April 2019, the FCA published Primary Market Bulletin No.23.
In this Bulletin the FCA finalises its guidance on periodic financial information and inside information, after consulting on updating Technical Note UKLA/TN/506.1 in Primary Market Bulletin No. 19. The FCA also outlines its findings and sets out its expectations on some of the issues raised in its recent supervisory review of the new regulatory requirements for firms managing securities offerings. Introduced in 2018, these were: (i) the MiFID II rules governing the provision of underwriting and placing services; and (ii) the domestic reforms on the availability of information in the UK initial public offering process. Finally, the FCA provides an update on the implementation of the EU Prospectus Regulation.