The Financial Conduct Authority has launched a review of the UK
listing regime. It has published a discussion paper on the
effectiveness of the listing regime and a consultation paper on
some more detailed changes to the Listing Rules regarding
eligibility for premium listing and the application of the class
tests.
Review of the UK Primary Markets landscape
The discussion paper forms part of the FCA's commitment to
review the structure of the UK primary markets to ensure that they
continue to meet the distinct needs of issuers and investors.
Standard listing
The FCA notes that the standard listing regime is seen as an
unattractive option, because of a lack of clarity as to the purpose
of the regime and the required standards for listing. The FCA is
especially interested in whether it should continue to avoid
treating UK and non-UK companies differently.
