Will the UK join the SPAC mania?

Special purpose acquisition companies (“SPACs”) have experienced a surge in their popularity in the recent years. In the United States (“US”) market, SPACs have raised $83 billion (£63.5 billion) in 2020 and $88 billion (£63.1 billion) in the...

FCA strengthens rules on financial promotion

The Financial Conduct Authority (“FCA”) has published its discussion paper DP21/1 regarding the strengthening of its financial promotion rules for high-risk investments and firms approving financial promotions. THE FAC’s WIDER INITIATIVES DP21/1 forms part of...

CMA publishes annual plan 2021/22

The Competition and Markets Authority (“CMA”) published its annual plan for 2021/22 on 23 March 2021. As a result of the COVID-19 pandemic, like the rest of the world, the UK has faced major challenges in the goods and services sector. Moreover, the CMA has taken on...