Lord Hill review: FCA urged to approach listings shake-up with caution

Hill aims to 'close gap' on London's rivals

Lord Hill's listings review proposals have been broadly welcomed by investors, with the shake-up set to improve the competitiveness of the UK market, but some have urged the Financial Conduct Authority (FCA) to approach the recommendations with caution, warning that 'FOMO' should not be the driving force behind the easing of rules. '

The recommendations, published today (3 March), include allowing for company founders to be able to maintain control over their companies even after listing them on an exchange in London. It would allow for dual-class shares in the premium listing segment of the London Stock Exchange, thereby allowing founders to keep control over their companies by giving them the ability to sell shares with lesser voting rights. Hill said the new rules would allow the UK to close "a gap" between other trading centres that has emerged post-Brexit, and attract more companies to list in London.  Gro...