Last year, FCA moved to improve listing regime by lowering free float levels, allowing certain forms of dual class share structures, introducing digital financial reporting.
Changes promote broader access to listing for a wider range of companies at an earlier stage in development and help investors use data faster to improve decision-making.
Discussion Paper
Continuing discussion on how to make the listing regime - rules companies follow to be allowed to list shares in the UK - more effective, competitive and easier to understand.
Under one of the suggestions, companies wishing to list in the UK would no longer have to choose between 2 different segments with different branding and standards.
Listed companies would need to meet one set of criteria and could then choose to opt into further set of obligations, focused on shareholder engagement, overseen by FCA.
Feedback to FCA's earlier paper suggested many keen to keep additional safeguards.
Companies and shareholders to decide whether additional obligations right for them.
Also summarizes role and purpose of the sponsor regime, seeking views on whether improvements could be considered to make rules more proportionate and effective.
Effectiveness
Comments on the issues set out in the discussion paper welcome until Jul. 28 2022.
In Aug. 2022, UK FCA issued LAAP, MPP views on listing regime reforms, see #146418.
