PS25/9: New rules for the public offers and admissions to trading regime

The Financial Conduct Authority issued Policy Statement PS25/9 to implement new rules for the public offers and admissions to trading regime. This regulatory update establishes a revised framework governing how securities are offered to the public and admitted to trading on regulated markets. The new regime is scheduled to come into force on 19 January 2026, following a consultation period that includes CP24/12 and CP25/2.

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United Kingdom

Financial Conduct Authority

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CP24/12 opens

26/07/0224

CP24/12 closes

18/10/2024

CP25/2 consultation on further changes opens

31/01/2025

CP25/2 closes

14/03/2025

Policy statement published

15/07/2025

New regime comes into force

19/01/2026

19/01/2026