Financial Conduct Authority: What listed issuers and sponsors need to know
On 1 April 2013, the new UK financial regulatory structure comes into force. Under the new "twin peaks" structure, prudential and conduct of business regulation will be carried out by two separate regulators, the Financial Conduct Authority and the Prudential Regulation Authority. The Listing, Prospectus and Disclosure and Transparency Rules will all be within the FCA’s remit as will the market abuse and financial promotion regimes.
This note describes how the new regulatory structure will apply to listed companies and sponsors, including those respects in which the FCA’s powers and responsibilities are different from those of the FSA.
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