The final element in this suite of publications is a Feedback Statement that provides a preliminary look at connected issues on the FCA's radar. The following three areas will be subject to further exploration and stakeholder engagement:
- The relative positioning of standard versus premium listing
- The provision of patient capital to companies that require long-term investment (for our previous thoughts on this set of issues, see here)
- Retail access to debt markets
Combined with parallel revisions to the prospectus rules (which will see the lower limit raised to €1m and the upper limit to €8m, and the introduction of a 'Growth Prospectus' for SMEs), this package amounts to quite a shake-up of the UK's fundraising landscape.