Author: Karen Cooper

Treasury introduces “public offer platforms” as part of wider reforms of UK Prospectus regime

A near-final draft SI which is set to become the Public Offers and Admissions to Trading Regulations 2023 introduces a new “public offer regime” under which companies seeking to raise capital in the public markets without seeking admission to trading on a regulated market or primary MTF would need to use a “public offer platform” if the total offer consideration in a 12 month period is more than £5m. These changes form part of a broader overhaul of the UK prospectus regime.