The UK Financial Supervisory Authority is preparing to approve the biggest listing reform in 40 years
2024-06-10 12:29:15
June 10 - Britain's Financial Conduct Authority (FCA) is poised to approve the biggest overhaul of the listing regime in 40 years as early as this month, according to the Financial Times. The board will meet on June 27 to decide whether to approve the final version of the rules, which are designed to boost flagging stock markets, people familiar with the matter said. Once publicly confirmed, the changes will take effect after a two-week enforcement period. The FCA is not expected to make any announcements until after the July 4 general election. The changes are part of a broader effort to entice companies to list in the UK by easing regulatory requirements. The FCA issued an advisory on the new rules in December, which included changes that would speed up the listing process. Julia Hoggett, chief executive of LSE, said the new rules were the biggest overhaul of the UK's primary market system in 40 years.