FCA Board Flags Risks Of Regulator's SPAC Rule Changes

By Najiyya Budaly (September 8, 2021, 12:46 PM BST) -- The board of the City watchdog has told it to monitor conflicts of interest and disclosure risks that could arise after the watchdog amended rules to make it easier for large special purpose acquisition companies to list on London's stock exchange.

The FCA must ensure that SPACs publish "clear and reliable" documents when they plan to float on the London Stock Exchange and when they propose to buy a target company, said the regulator's board. (iStock) The board, which holds the Financial Conduct Authority to account, said in minutes published on Tuesday that the regulator must ensure that so-called SPACs publish...

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