THE 2026 RULEBOOK VS. THE 2025 NOSTALGIA
The critic is citing UKLR 14 "home markets."
He’s reading the wrong chapter. Tomorrow is
about the POATR Reset. Here is the Hardware:
1. THE 75% BYPASS
As of Monday, the "Regulated Home Market"
argument is secondary to the 75% Prospectus
Exemption. If NWBO uses a NewCo (RevImmune),
the "OTC Disqualification" is a moot point.
The Gate is now a "Self-Service" portal.
2. THE "2-DAY" CONFIDENTIALITY
New SEC and FCA rules (Jan 2026) allow
confidentiality until 48 hours before
effectiveness. The "Public Process" he
demands is a relic of 2024. The RNS IS the
notification.
3. THE PROXY MISCONCEPTION
Authorized share increases are NEVER specific
to a listing in a Proxy—that would be
"Gun-Jumping." The Jan 15th settlement was
the Gavel; the Proxy was the lumber.
SUMMARY:
The long is arguing against a wall that was
demolished by Notice N01/26 on Friday. He
wants a "Process"; the LSE just gave us a
"Switch."
Market Data 
Markets 
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