FCA eyes overhaul of listing rules in competitiveness drive

Proposals include introduction of a dual share class structure

The Financial Conduct Authority (FCA) has proposed a raft of reforms designed to reduce the barriers to listing on public markets, including the introduction of a dual share class structure, as the regulator continues its drive to improve the competitiveness of the UK.

In a consultation launched today (5 July), the FCA said it aims to "improve the effectiveness of UK primary markets", and open a discussion on how best to develop the UK's regulatory regime to ensure the country remains a "competitive and dynamic market". It follows a review of listing rules launched in March under Lord Hill, who said at the time that the recommendations were aimed at "closing a gap which has already opened up" with other international markets and attract more firms to list in London. The Kalifa Review of UK FinTech also made specific recommendations for improvements ...