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Syed Rahman explains to The Banker the likelihood of special purpose acquisition companies (SPACs) being attracted to the UK

Author: Syedur Rahman  9 February 2022

Although the Financial Conduct Authority (FCA) changed its rules in 2021 to attract SPACs (special purpose acquisition companies) to the UK, only one had been seen by the turn of the year.

This led Syed Rahman to write an article that considered the likelihood of the UK becoming a centre for SPAC-related investment. The piece has been published by The Banker.

Syed’s article outlines the sharp increase in popularity of SPACs in some countries and the effect of the changes that the FCA devised to attract them. He emphasises that while SPACs may not yet be common in the UK, no sudden early rush in activity was ever expected.

His article explains why London may now be more attractive to SPACs than other financial centres – and why it would be premature to say that the SPAC bubble had burst before the UK made its attempt to gain a share of the market.

Syed says there is little to indicate that SPACs activity will not come to the UK. But he makes it clear that their arrival in numbers may take time. Only then, he argues, will it be possible to gauge just how popular the UK can become for those looking to be involved in these investments.

Syed's article appeared on The Banker. (Subscription required)

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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.

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