The FCA looks set to loosen rules which lock-in those invested in special purpose acquisition vehicles (SPACs) once a target is identified.

The proposed changes come following the UK Listing Review by Lord Hill, which in turn suggested changes to SPAC rules, as a means of making London a more attractive lisiting hub.

As it stands, a SPAC listing is usually suspended at the point it identifies an acquisition target. Suspension seeks to avoid volatile and disorderly tradi...