Global markets regulators team up to monitor SPACs By Reuters
© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 21, 2021. REUTERS/Brendan McDermid
LONDON (Reuters) – Global securities markets regulators said on Tuesday they have begun monitoring special purpose acquisition companies or SPACs due to potential regulatory concerns.
“While SPACs may offer alternative sources of funding and provide opportunities for investors, they may also raise regulatory concerns,” the International Orgnization of Securities Commissions (IOSCO) said in a statement.
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