Equity Capital Markets

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Equity Capital Markets

The Equity Capital Markets (ECM) Division works to promote efficient and coordinated equity-raising transactions in Europe and to develop good practice.


The ECM Division advocates proportionate regulation, which is necessary to preserve flexibility for issuers, their corporate advisers and underwriters whilst ensuring fairness for shareholders and investors. AFME staff work with teams of experts from member firms on projects ranging from informal discussion groups to formal responses to government consultations. 


  • Providing members with a forum to discuss industry issues and concerns.
  • Eliminating the inefficiencies in market practice and regulation that increase cost and impede capital formation.
  • Facilitating the development of good practice, industry standards and form documentation.
  • Contributing industry expertise to informed debates about regulation.
  • Serving as a resource to help policy makers, media and individuals understand equity capital markets.

Key Documents
Standard Forms and Documents

Industry Guidelines (relating to UK IPO reform)

Industry Guidelines (General)

Consultation Responses

Briefing Notes


Gary Simmons

Managing Director, High Yield and Equity Capital Markets

Oscar Newman

Senior Associate, ECM & High Yield