UK Finance responds to FCA CP21/10 on the UK's regime for special purpose acquisition companies (SPACs)

UK Finance's response reflects the shared ambition of regulatory authorities and market participants to swiftly act upon the recommendations proposed in Lord Hill's listings review.

This submission is supportive of the FCA's intention to remove the mandatory suspension requirement for SPACs and makes several recommendations. Those recommendations aim to create an environment in the UK for prospective SPACs to list whilst upholding traditional supervisory values of effective governance and oversight.

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