Our Corporate Finance Advisors Expert Group contributed to our response to the FCA's consultation CP14/2 on the proposed amendments to the Listing Rules in relation to sponsor competence and other amendments to the Listing Rules and Prospectus Rules. We generally noted that the proposed requirements make it harder and more onerous for new or small firms to become and remain sponsors, fail to promote effective competition and are not in the interest of consumer protection. The amendments proposed by the FCA do not take into account the similarities of other corporate finance work to that of a sponsor; we believe that this is harmful for market integrity in the sector as well as likely to restrict the ability of advisory firms focused on small and mid-size quoted companies to comply with the sponsor regime.
QCA Response to FCA Consultation CP14/2 on the proposed amendments to the Listing Rules in relation to sponsor competence and other amendments to the Listing Rules and Prospectus Rules
Our Corporate Finance Advisors Expert Group contributed to our response to the FCA's Consultation CP14/2 on the proposed amendments to the Listing Rules in relation to sponsor competence and other amendments to the Listing Rules and Prospectus Rules.
