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Clifford Chance

Clifford Chance


FCA publishes consultation on reforming the availability of information in the UK IPO process

7 March 2017

On 1 March 2017, the Financial Conduct Authority (the "FCA") published a consultation paper, CP17/5 (the "Consultation Paper") setting out its proposed reforms to increase the availability and quality of information in the UK IPO process. The Consultation Paper follows the publication of an earlier discussion paper, DP16/3 (the "Discussion Paper") in April 2016, which highlighted a series of concerns relating to both the timing of publication of an approved prospectus and the role and availability of connected and unconnected research.

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