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New UK listing rules: Implications for London listed investment companies

The new UK Listing Rules came into force on 29 July 2024. The new rules seek to institute a simpler, more flexible, disclosure-based listing regime and are designed to place London on a competitive footing with other major...more

Final FCA rules on mandatory D&I reporting of UK listed company boards and executive management

The UK Financial Conduct Authority has published amendments to the UK Listing Rules and Disclosure Guidance and Transparency Rules which implement mandatory board and executive management-level diversity and inclusion...more

FCA Primary Markets Effectiveness Review – Immediate changes to the Listing Rules

The UK Financial Conduct Authority (“FCA”) has published Policy Statement PS 21/22 (the “Policy Statement”) which follows up on its summer 2021 consultation paper CP 21/21 “Primary Markets Effectiveness Review” (“CP 21/21”)....more

Overhaul of the UK’s prospectus regime – Government consults on fundamental reforms

The UK Government is consulting on proposals to reform the UK’s prospectus regime. The proposals are published in response to Lord Hill’s UK Listing Review in which he recommends that, amongst other things, the Government...more

A new dawn for the UK’s capital markets: FCA publishes its Primary Markets Effectiveness Review

The UK’s capital markets regulation is set to change over the course of the next year as the Government seeks to boost the UK’s competitiveness as an attractive listing destination for high growth companies. The FCA has...more

FCA consults on SPACs

The FCA has published a consultation paper (CP 21/10) on proposed Listing Rule changes for certain London-listed special purpose acquisition companies (SPACs) to remove the presumption that the securities of a SPAC should be...more

Beyond Brexit transition - changes for listed companies

The Brexit transition period ended at 11:00 pm on 31 December 2020 and at the end of this transition period, the European Union (Withdrawal) Act 2018 converted existing EU legislation which had direct effect in the UK into UK...more

FCA Policy Statement: improving climate-related disclosures by UK listed companies and clarification of existing climate-related...

Recent changes introduced by the Financial Conduct Authority (FCA) - On 21 December 2020, as we broke for Christmas, the FCA published new Listing Rule 9.8.6R(8) (LR) and guidance requiring commercial companies with a UK...more

FCA focus on misleading disclosure

Two recent Financial Conduct Authority enforcement notices focus on when and how disclosures by a listed company may be considered misleading - a basic disclosure requirement that is sometimes taken for granted. ...more

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