UK simplifies IPO rules in bid to revive flagging London listings
The reforms remove a seven-day research delay and are meant to cut compliance costs and execution risk for companies seeking a UK listing.
- On Wednesday, the Financial Conduct Authority announced simplified listing rules to make the UK stock market more attractive for companies seeking to raise capital, aiming to reverse a prolonged slowdown in flotations.
- London's stock market has shrunk over the last decade as companies move away seeking higher valuations and deeper capital access, particularly in the United States, prompting regulatory intervention.
- The FCA will remove the seven-day waiting period for connected research during an initial public offering to lower execution risks and compliance costs for issuers.
- FCA director of infrastructure and exchanges Jon Relleen stated, "By making the UK listing regime more efficient, we are supporting the growth and competitiveness of UK capital markets."
- This year has seen a surge in foreign take-private deals for British firms like Intertek, Tate & Lyle, and Segro, as domestic stocks became cheaper compared with United States equities since the start of the Iran war.
16 Articles
16 Articles
FCA simplifies UK listing rules to boost lagging stock market
Britain’s financial regulator said it was simplifying listing rules to make the country’s stock market a more attractive place for companies to raise capital, seeking to reverse a prolonged slowdown in flotations. The Financial Conduct Authority said on Wednesday the changes would reduce the execution risk for issuers and lower compliance costs, and included removing […]
(Paris=Yonhap News) Correspondent Song Jin-won = UK financial regulators are seeking to overcome the prolonged slump in initial public offerings (IPOs) and the attractiveness of the UK stock market as a source of capital...
FCA eases IPO rules in bid to revive UK listings
The FCA has simplified its rules governing IPOs in a move designed to make the UK listings market more competitive against other global exchanges. Among the changes, the FCA will scrap the seven-day waiting period previously required for connected research during an IPO, alongside a simplification of information-sharing obligations between issuers and firms. The regulator said the reforms are intended to cut execution risk for companies going pu…
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