The FCA has issued a forbearance statement following the introduction of the new Public Offers and Admissions to Trading Regulations regime.
The new regime and associated changes to the UK Listing Rules came into force on 19 January 2026, and introduced a requirement in the Prospectus Regime Manual for issuers to notify a Regulatory Information Service (RIS) of any admission to trading within 60 days of the relevant admission.
A key reason for the 60-day period was to avoid requiring frequent issuers to publish detailed notifications each time shares were admitted, encouraging proportionate transparency by enabling them to group admissions within the period into a single notification.
The FCA understands that potentially overlapping requirements under the Listing Rules have now created uncertainty for some issuers, as some provisions require listed companies to notify an RIS as soon as possible of the results of any new issue of equity securities or nay public offer of existing equity securities. This has created confusion for issuers previously reliant on the exemption for block listings, which was removed under the new regime.
The FCA has clarified that it was not its policy intention that issuers who were previously required to notify only every 6 months under a block listing should now have to notify an RIS as soon as possible for each issue and again on admission. To the end, it will consult shortly on removing certain provisions of the Listing Rules so that only the 60-day notification requirement remains.
In the interim, the FCA will not take supervisory or enforcement action on issuers who are technically in breach due to the overlap.