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ARTICLE · 16 MARCH 2017

UK Regulator Proposes Changes To UK Listing Rules

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On February 14, 2017, the FCA published a consultation paper proposing amendments to the Listing Rules of the FCA's Handbook.

United KingdomFinance and Banking
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On February 14, 2017, the FCA published a consultation paper proposing amendments to the Listing Rules of the FCA's Handbook. The FCA is proposing to, among other matters, (i) clarify the premium listing eligibility requirements and introduce new technical notes and additional guidance to give more context to the rules; (ii) introduce a new concessionary route to premium listing for certain property companies that cannot meet the track record requirements so that a property valuation report may be used to assess the company's eligibility for a premium listing; (iii) introduce new technical notes on the concessionary routes; (iv) amendments to the profit test within the class tests which are used to determine which governance requirements a premium listed issuer must comply with for certain large transactions; and (v) in the context of reverse takeovers, reversing the assumption of insufficient information being available to the market where a target issuer cannot

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