The Financial Conduct Authority’s four-week consultation into SPACs has begun, with decisions around strengthening investor protections expected to be announced and in place by early summer 2021, FinExtra reports
The consultation, which proposes to amend rules to allow an alternative approach for listed SPACs, comes at an inflection point in the global SPAC narrative. Players in the UK have looked on the monumental US boom and burgeoning EU landscape with envy. Pressure is mounting not only from those positioned to benefit from the listing transactions themselves, but regulators and authorities motivated to reduce the number of strong fintech brands seeking a more appealing listing environment outside of the UK. Read more.
