in

Britain eases rules to speed up company capital raising

The Financial Conduct Authority (FCA) said it was likely that many companies will turn to capital markets to raise money to support the recovery to come.

Companies can apply to the regulator for waivers from having to hold a general meeting to obtain shareholder approval for a transaction, the FCA said.

It also encourages companies to make use of the new simplified prospectus that was introduced last year to speed things up.

“Our aim is to help companies to raise money quickly and effectively, while ensuring they respect the needs of investors, both current and future,” said Christopher Woolard, Interim Chief Executive of the FCA.

The latest investment strategy menaced by flailing markets: dividend stocks

Japan to pledge contribution to IMF trust for low-income countries hit by pandemic: finance ministry source