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ARTICLE · 08 APRIL 2004

The FSA’s Listing Rules Consultation Paper

Barlow Lyde & Gilbert LLP
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The Financial Services Authority (<B>FSA</B>) is currently carrying out a fundamental review of the Listing Rules. On 8 October 2003 it published a consultation paper (<B>CP</B>) which outlined its proposals to reform the listing regime against the background of changes to be introduced by European legislation.

United KingdomAntitrust/Competition Law
Richard Bull
Richard Bull

Introduction

The Financial Services Authority (FSA) is currently carrying out a fundamental review of the Listing Rules. On 8 October 2003 it published a consultation paper (CP) which outlined its proposals to reform the listing regime against the background of changes to be introduced by European legislation. Responses were invited on the CP and had to be submitted by 31 January 2004.

To a large degree, the future of the listing regime has been dictated by European legislation initiatives designed to deliver a single market for financial services across the EU (known as the Financial Services Action Plan). The key directives which are likely to impact on the listing regime in the future are:

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