UK Finance and AFME issue joint comment on the Secondary Capital Raising Review

Commenting on the recommendations of the Secondary Capital Raising Review, UK Finance and AFME have issued a joint statement:

We welcome the Secondary Capital Raising Review’s ambitious initiative to make UK markets more attractive and competitive. The recommendations are an important step in the dialogue and ongoing process towards advancing these important objectives. We will be actively and constructively involved in the discussions and consultations to come regarding the application, development and feasibility of these aspirational proposals.  We particularly support the proposed changes to allow issuers to raise funds on a soft pre-emptive basis, noting that our members helped issuers raise substantial amounts of much-needed capital through placings when this was allowed in 2020.

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Notes to editor

About UK Finance

UK Finance is the collective voice for the banking and finance industry. Representing around 300 member firms across the industry, we act to enhance competitiveness, support customers and facilitate innovation.

We work for and on behalf of our members to promote a safe, transparent and innovative banking and finance industry. We offer research, policy expertise, thought leadership and advocacy in support of our work. We provide a single voice for a diverse and competitive industry. Our operational activity enhances members’ own services in situations where collective industry action adds value.

About AFME

The Association for Financial Markets in Europe (AFME) represents a broad range of European and global participants in the wholesale financial markets. Its members comprise pan-EU and global banks as well as key regional banks and other financial institutions. AFME advocates stable, competitive and sustainable European financial markets, that support economic growth and benefit society.