The Financial Services Authority has today published a consultation paper in which it sets out its proposals for reducing the minimum subscription period for companies undertaking a rights issue to either 14 calendar days or 10 business days. This follows a recommendation from the Rights Issue Review Group in its report published last year. Further information is available in the FSA's press release and newsletter. Monday, 12 January 2009
UK: shortening the rights issue subscription period - FSA proposal published
The Financial Services Authority has today published a consultation paper in which it sets out its proposals for reducing the minimum subscription period for companies undertaking a rights issue to either 14 calendar days or 10 business days. This follows a recommendation from the Rights Issue Review Group in its report published last year. Further information is available in the FSA's press release and newsletter.
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