Britain Launches New Rules for Listings to Boost Growth for London’s Stock Exchange
TMTPOST--The Britain's Financial Conduct Authority (FCA) announced on Thursday new rules aimed at revitalizing the country's stock market listings following a slowdown in IPOs.
Effective from July 29, the new rules are intended to align the Britain's listing system more closely with international standards, making it more straightforward and efficient, according to a statement by the FCA.
Described as the most significant overhaul of the listing regime in over thirty years, these measures are designed to broaden the scope for companies to list their shares on Britain's exchanges, thereby enhancing investment opportunities, the regulator emphasized.
One key change is the removal of the ‘premium’ and ‘standard’ listing segments. Instead there will be one overall category for equity share listings, which has been named ‘commercial companies.’
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