Compliance Monitor
FCA responds to City by liberalising Listing Rules on SPACs
By Neasa MacErlean
Newrules for special purpose acquisition companies (SPACs) are substantially moreliberal than the FCA first planned. The main
change — removing the presumptionof suspension — will apply in cases where a SPAC raises £100 million at initiallisting, down
from £200m proposed in the regulator’s
consultationpaper in April.