15 January 2024
Why the proposed new UK listing regime matters for listed companies
The Financial Conduct Authority confirmed in December 2023 that it intends to introduce a radically restructured UK listing regime, which will make it more straightforward to list in London. The package of reforms also has the potential to reduce the complexity involved in maintaining a listing in the UK and make it simpler for listed companies to participate in transformative M&A and be more competitive in auction processes. The continuing obligations to which companies are subject, and their listing segment, will be modified. The final rules are expected to take effect in Autumn 2024, two weeks after their publication. Issuers undertaking transactions which straddle the regime coming into effect will not be expected to comply with obligations that no longer apply.