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UK prospectus reform: IPOs, public offers and the new regime
The UK's prospectus regime has been fundamentally overhauled, and the implications for issuers, investment banks and investors are significant.
The Public Offers and Admissions to Trading Regulations 2024 supersede the on-shored EU Prospectus Regulation from January 19, 2026. It separates admissions to a regulated market from wider public offers for the first time, giving the FCA new powers to set content and approval standards while introducing more flexible, proportionate disclosure requirements.
What does the new framework mean in practice? And how should market participants navigate IPOs…
The skinny
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