FCA scraps 7-day connected research delay for UK equity IPOs

The FCA scrapped the mandatory 7-day waiting period for connected research during UK equity IPOs, publishing the change in policy statement PS26/16 on 5 August 2026. Connected research — analysis from syndicate analysts — can now be published alongside unconnected coverage. The FCA's consultation CP26/14 found the delay had "added unnecessary market risk and costs" without a commensurate investor-protection benefit.