Corporate Finance

Corporate Finance

AFME’s Corporate Finance division looks at the commercial, legal, and regulatory aspects of mergers and acquisitions and the public issuance of securities.

Focusing on the public issuance of securities and the commercial, legal and regulatory aspects of mergers and acquisitions, the Corporate Finance division advocates for open markets across the EU and the UK and promotes the development of proportionate regulation that preserves flexibility for issuers while ensuring fairness for shareholders. 

The division represents the views of participants in the wholesale financial market and provides support to regulators and policymakers in helping them to understand the sector and the issues affecting it. AFME staff work with teams of experts from member firms on projects ranging from informal discussion groups to formal responses to government and regulators’ consultations. 

The division also nominates one member to The Takeover Panel (the UK body for Takeovers and Mergers) and co-ordinates the nomination of two additional members by the AFME Board of Directors and Securities Trading Committee.

Key Documents

Consultation Response: FCA Primary Market Bulletin No. 18 This response sets out AFME’s views on the following Technical Notes (TNs) in PMB 18: TN 708.3 (sponsors’ obligations on financial position and prospects procedures), TN 718.1 (sponsors’ duty regarding directors of listed companies), TN 719.1 (sponsors’ obligations on established procedures), and TN 720.1 (sponsors’ obligations on no adverse impact).

Mark-up of Technical Notes 708.3, 718.1, 719.1 and 720.1 related to FCA Primary Market Bulletin No. 18:This document sets out AFME’s mark-ups of each of the four Technical Notes that it addresses in its response to FCA Primary Market Bulletin No. 18, and shows the changes that AFME proposes to the text drafted by the FCA. This document should be read in conjunction AFME’s consultation response to FCA Primary Market Bulletin No. 18.

Briefing Note: Telephone Taping and M&A Activities:  This note considers how the FCA’s telephone taping rules set out in PS 17/14 (published in July 2017 to transpose the MiFID II requirements into UK law) apply to M&A advisory and other related activities of investment banks.  

Board

  • Derek Shakespeare, Chair

    Barclays

  • Geoffrey Iles

    Bank of America Merrill Lynch

  • Eric Jacquemot

    BNP Paribas

  • Stuart Upcraft

    Credit Suisse

  • Charles Wilkinson

    Deutsche Bank

  • Nick Harper

    Goldman Sachs

  • Oliver Smith

    HSBC

  • Chris Baird

    Investec Bank

  • Dwayne Lysaght

    J.P. Morgan

  • Adrian Doyle

    Morgan Stanley

  • Nick Ivey

    N M Rothschild & Sons

  • Henry Phillips

    Nomura

  • Kevin Smith

    RBC Wealth Management

  • David Harvey-Evers

    Standard Chartered

  • Jonathan Rowley

    UBS

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