FCA eases working capital statement rules in response to Covid-19

By Sam Kerr
08 Apr 2020

Equity markets welcomed new measures from the Financial Conduct Authority (FCA) to ease requirements for companies seeking to raise capital to ride out the economic havoc of the Covid-19 pandemic. The most important change is giving companies more flexibility on their 12-month working capital statements, which are required for preparing a prospectus.

“The events surrounding the coronavirus pandemic are unprecedented,” the FCA said in a statement. “The impact on people’s health and the health of companies in the real economy is significant and widespread.

“It is likely that many companies will turn to UK capital markets to raise money ...

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