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Reforming the listing rules on special purpose acquisition companies in the United Kingdom
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Ho, John Kong Shan (2022) Reforming the listing rules on special purpose acquisition companies in the United Kingdom. Journal of Business Law, 2022 (7). pp. 571-588. ISSN 0021-9460.
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Official URL: https://www.sweetandmaxwell.co.uk/Product/Commerci...
Abstract
In November 2020, the Chancellor of the United Kingdom (UK) launched the UK Listings Review chaired by Lord Hill. This is part of a plan to strengthen the UK as a leading global financial centre. In response to this proposal, the Financial Conduct Authority launched a consultation in April 2021 to amend the listing rules regarding Special Purpose Acquisition Companies ( SPACs). The Financial Conduct Authority ( FCA) eventually announced in July 2021 that the UK will adopt a new listing regime for SPACs from August 2021. This article discusses why the UK decided to amend the rules relating to SPACs from a commercial perspective and what measures have the UK adopted to attract more SPACs listing. In doing so, it will make reference to the United States (US) and examine how it has handled the issue of SPACs in the past and experiences that they provide for the UK.
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance K Law [Moys] > KC International Law K Law [Moys] > KN Common Law, Private Law |
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| Divisions: | Faculty of Social Sciences > School of Law | ||||||
| Library of Congress Subject Headings (LCSH): | Financial services industry -- Law and legislation -- Great Britain, Consolidation and merger of corporations, Financial institutions, International -- Law and legislation, Special purpose acquisition companies -- Law and legislation -- Great Britain | ||||||
| Journal or Publication Title: | Journal of Business Law | ||||||
| Publisher: | Sweet & Maxwell | ||||||
| ISSN: | 0021-9460 | ||||||
| Official Date: | July 2022 | ||||||
| Dates: |
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| Volume: | 2022 | ||||||
| Number: | 7 | ||||||
| Page Range: | pp. 571-588 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
| Date of first compliant deposit: | 24 August 2022 | ||||||
| Date of first compliant Open Access: | 31 July 2023 |
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