The U.K.’s markets regulator has laid out proposed changes to its listing rules for SPACs as London looks to grab a greater share of the booming market, Bloomberg reports.
Those blank-check firms that raise at least 200 million pounds ($278 million) and include an option for redemption may no longer be subject to suspended trading when the vehicle identifies an acquisition target, the Financial Conduct Authority said in a statement today. U.K. markets have been stymied by rules requiring the cash shells to pause trading in such an event to shield investors from price jolts while a deal is being completed. Read more.
