The UK’s Financial Conduct Authority has announced a series of temporary measures designed to assist issuers raising capital during the COVID-19 pandemic. The new temporary measures include: (1) Permitting a clean working capital statement in a prospectus relating to equity shares to include assumptions relating to the impact of the COVID-19 pandemic; (2) Permitting shareholder approvals to be obtained for significant transactions or related party transactions without the need to hold a shareholder meeting provided a dispensation is obtained from the FCA and the requisite majority of shareholders give written undertakings confirming their approval of the transaction; (3) Welcoming the Pre-Emption Group’s revised guidelines on placings of new shares which permit investors to support resolutions to disapply pre-emption rights in respect of up to 20% of an issuer’s issued share capital; and (4) Encouraging eligible issuers to make use of the simplified prospectus regime introduced by the Prospectus Regulation.