UK: FCA consultation - SPACs and the Listing Rules

The Financial Conduct Authority has published a consultation paper - CP21/10, available here (pdf) - in which it seeks views on proposed amendments to the Listing Rules in respect of SPACs. The proposals are intended to enable a SPAC's listing to continue, subject to there being appropriate investor protection, where an acquisition target is identified. Such a change was one of the recommendations made in the recent UK Listing Review conducted by Lord Hill. Whether there should be a separate listing category for SPACs is something the FCA will consider - and consult upon - at a later date.

Latvia: corporate governance code - new edition published

A little belatedly, I note the publication of a new edition of Latvia's corporate governance code: see here (pdf).

Europe: ecoDa publishes new edition of its governance guidance and principles for unlisted companies

The European directors organisation - ecoDa - has published an updated edition of its Corporate Governance Guidance and Principles for Unlisted Companies in Europe: see here (pdf).

Iceland: sixth edition of the Corporate Governance Guidelines

A new edition - the sixth - of Iceland's Corporate Governance Guidelines was published earlier this year and comes into effect on 1 July. A copy of the Guidelines in English is available here (pdf).

Norway: NUES consults on revisions to the Norwegian Corporate Governance Code

The Norwegian Corporate Governance Board (NUES) is currently consulting on proposed changes to the Norwegian Corporate Governance Code for Listed Companies. A copy of the consultation paper, in English, is available here (pdf). In addition to the proposed changes, which include those relating to the composition of the nomination committee, views are sought on any aspect of the Code.

Update (4 February 2022): the new code is available here.