Policy paper

Public Offers and Admissions to Trading Regulations 2023 – Draft SI and Policy Note

A near-final version of the statutory instrument outlining the new Public Offers and Admissions to Trading Regime, which is being published for final checks.

Documents

The Public Offers and Admissions to Trading Regulations 2023 Policy Note

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Draft Statutory Instrument: The Public Offers and Admissions to Trading Regulations 2023

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Details

This statutory instrument (SI) is part of HM Treasury’s programme to deliver a Smarter Regulatory Framework for financial services, tailored to the UK.

On 9 December 2022 as part of the Edinburgh Reforms, the government published an illustrative SI to demonstrate to stakeholders how the powers introduced in the Financial Services and Markets Act 2023 would be used to deliver reforms to the UK’s Prospectus Regime. The government is publishing a near-final version of the SI alongside an explanatory policy note. The government welcomes any technical comments on the draft SI by 21 August 2023.

This SI delivers a key recommendation of Lord Hill’s UK Listing Review, which aimed to boost UK IPOs and optimise capital raising, and is part of a broader programme of work to make UK capital markets more attractive.

Published 11 July 2023