UK launches new rules for listings in bid to boost growth for London's stock exchange
When will the new listing rules take effect?
The new listing rules announced by the U.K.'s Financial Conduct Authority will take effect from July 29. These rules aim to boost growth and innovation and ensure the U.K.'s listing system is more aligned with those in other markets.
What requirements are removed under the new listing rules?
The new UK listing rules remove the need for votes on significant or related party transactions and offer flexibility around enhanced voting rights. Additionally, the requirement for companies to provide track records of their revenue is removed.
How do the new rules align the UK with other markets?
The new rules for the UK's stock market listings aim to align the country's listing system with those in other markets by removing the 'premium' and 'standard' listing segments and creating one overall category for equity share listings called 'commercial companies3.' This simplifies and streamlines the listing process, supporting a wider range of companies to issue their shares on a UK exchange and increasing opportunities for investors.