© Reuters.
LONDON – The Financial Conduct Authority (FCA) has put forward a proposal to revamp the London Stock Exchange’s listing rules. The regulator intends to consolidate “premium” and standard listings into a single level called “commercial” listings. This initiative is part of a strategic move to increase the competitiveness of British markets and make them more attractive for companies to go public.
The FCA’s decision to propose these changes is a direct response to the decline in the UK’s share of the global initial public offering (IPO) market, coupled with recent challenges such as the decline in the number of IPOs and the ongoing impact of Brexit. With these reforms, the FCA is focusing on improving information disclosure by firms and streamlining procedures, although it recognizes that this could potentially lead to greater risk for investors.
The authority is currently inviting public comments on these proposed adjustments, signaling its openness to input from interested parties. The FCA anticipates that, following this consultation phase, final rules will be introduced towards the end of 2024. The changes are set to reshape the way companies are listed on one of the world’s oldest exchanges, potentially revitalizing the status of London as a leading financial center amid post-Brexit economic changes.
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2023-12-19 23:56:58
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