This pathway will cover key topics in public capital raisings; prospectuses, listing, comfort letters & due diligence.
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
8 videos • 1 hour 16 minutes
In this video, Kate discusses what a Prospectus is, and why the contents may vary. She also gives a brief introduction to the Prospectus Regulation and summarises the key disclosure requirements, highlighting the different standards for retail and for wholesale bond offerings.
Kate Craven • 08:19
In the last video on this two part video series Kate covered the contents of a Prospectus and why it might vary. In this video she will cover whether a Prospectus is always required, why investors might prefer a listing and the different types of listing. She will also take us through the responsibilities of issuers and underwriters with respect to the Prospectus and how the risks can be mitigated - as well as commenting upon the impact of Brexit.
Kate Craven • 12:46
In a capital markets transaction, underwriters will seek to protect themselves against any potential liability caused by misinformation from the issuer. One way they can do this is by requesting a comfort letter from the issuer's auditors. In this two-part video series, Kate discusses why issuers and underwriters use comfort letters and the different market practices between European and American issuers.
Kate Craven • 11:41
In the second part of this two-part video series, Kate continues the discussion around comfort letters. Kate begins by talking about engagement letters, another way underwriters can potentially protect themselves against liability. Then she discusses certain issues with comfort letters, such as what happens when there is no comfort letter provided, and key things to watch out for when requesting a comfort letter.
Kate Craven • 07:49
In this video, Kate sets out the key elements of the due diligence investigation as well as the timing and extent of due diligence for different markets and different products. She further provides some insight into who is responsible for performing due diligence within banks.
Kate Craven • 11:49
In this video, Kate introduces the topic of listing. She highlights who sets the rules and the relevant regulations that the rules are contained in and also explains what the impact of Brexit will be on the UK listing procedure. Finally, she discusses why issuers would list securities.
Kate Craven • 07:20
In the first video of this two-part video series, Kate outlined what a listing is and why a listing matters. In this video, she looks further into the topic by first discussing the assessment issuers should make when deciding which stock exchange to pick. She then explains the requirements for listings and finishes up with a further discussion on the changes emerging due to Brexit.
Kate Craven • 06:59