FCA acts to aid listed companies during Covid-19 crisis

Guidance on due diligence published

The Financial Conduct Authority (FCA) has unveiled a series of measures designed to help listed companies recover from the "unprecedented" effects of the coronavirus pandemic.

The financial watchdog said the impact of the coronavirus pandemic on both people's health and that of companies was "significant and widespread". It added it was likely many companies would turn to UK capital markets to raise money and support the future recovery. It announced a series of measures to help companies raise new funding while also retaining an "appropriate degree of investor protection". The regulator explained the package included a combination of temporary policy interventions and reminders of existing options for businesses and shareholders. Regulators ease corp...