On 2 December 2021, the FCA released its Policy Statement following the conclusion of the consultation period for the Primary Markets Effectiveness Review. The Policy Statement, which will take forward most of the proposals made in the Review, summarises the feedback received, sets out the FCA’s policy response and includes final rules and details of transitional arrangements.
We have produced a short note that provides an overview of the background to the review, a summary of the changes that will be made, the QCA’s position and a comparison table.
