Move comes after Arm snubs London listing
IN BREIF:
- The simplification is a bid to encourage more tech listings, including scrapping the option for a standard or premium listing and replacing it with just one process for commercial company equity shares
- Other proposals being considered include scrapping eligibility requirements, exploring dual-class share structures and eliminating required shareholder votes on transactions
- The UK Listing Review says there has been a 40% reduction in the country’s IPOs since 2008
What does this mean?
“Our proposed reforms would significantly rebalance the burden of regulation to the benefit of listed companies and investors who are willing to set their own risk appetite and terms of engagement,” said Nikhil Rathi, chief executive of the FCA.
