The UK Financial Conduct Authority recently announced further simplification of initial public offering rules aimed at reducing issuers' compliance costs and execution risks, and making the London capital market more attractive to global companies. According to the new regulations, the FCA will cancel the 7-day waiting period for relevant research during the IPO period. Previously, the rule required the company to have a 7-day interval between the announcement of the deal and the start of marketing by the investment bank. The intention was to provide investors with an independent research perspective, but market feedback showed that the regulation increased the risk, cost, and complexity of the IPO process. In addition, the FCA will also simplify information sharing requirements between issuers and companies during the IPO process to speed up the listing process.

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