The United Kingdom Financial Conduct Authority (FCA) announced on Thursday the major overhaul of listing rules in over three decades. The measures are set to enhance growth and innovation in UK stock markets.
The new rules, effective from July 29, aim to simplify the listing process, making it easier for companies to list shares on UK exchanges and increasing opportunities for investors. Key changes include a single listing category and streamlined eligibility criteria, aligning the UK's regime with international standards while ensuring investor protections. Moreover, the FCA has removed the requirement for shareholder votes on significant transactions but maintained the need for approval on major events like reverse takeovers.
"The financial services sector is central to the UK economy and at the heart of this government’s growth mission. These new rules represent a significant first step towards reinvigorating our capital markets, bringing the UK in line with international counterparts and ensuring we attract the most innovative companies to list here," Chancellor of the Exchequer Rachel Reeves said.
