LNB News 31/01/2025
Document Information
Issue Date: 31 January 2025
Published Date: 31 January 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The FCA has published a set of proposals aimed at encouraging listed companies to offer low denomination bonds (ie less than £100,000) and to simplify the requirements that apply to listed companies when they issue further securities. In CP25/2: ‘Further changes to the public offers and admissions to trading regime and the UK Listing Rules’ the FCA proposes changes to align disclosure requirements for low denomination bonds with those for higher denominations to make raising capital easier for issuers. Changes are also proposed to the UK Listing Rules to make them more efficient for companies issuing further securities and to remove the need for Listing Particulars for such issuances. In CP25/3: ‘Consultation on further proposals for firms operating public offer platforms’, the FCA outlines its approach and proposals for implementing the new public offer platform (POP) regime. Responses to both consultations are sought by 14...
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Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
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