FCA Primary Market Bulletin 42

The FCA's latest Primary Market Bulletin looks at Climate-related financial disclosures, UK MAR and its interaction with the Listing Rules and the UK's M&A approvals regime, recent 'unlawful disclosure' enforcement, SPACs and reverse takeovers, Structured digital reporting, and the UK Short Selling Regulation.

Primary Market Bulletin 42 deals with the following topics:

Climate-related financial disclosures – ongoing monitoring - reminder and clarification of the rules, guidance and expectations for TCFD-aligned climate reporting by UK listed companies;
Interaction between UK MAR, the Listing Rules and the UK's M&A approvals regime introduced at the beginning of this year (under the NSI Act);
Key issues relating to unlawful disclosure, including when deadling with shareholders, following enforcement against Sir Christopher Gent for Unlawful disclosure;
Special purpose acquisition companies (SPACs) and cash shells on reverse takeovers;
Structured digital reporting: Improving quality and usability; and
UK Short Selling Regulation – the arrangements for updating the list of exempted shares.