FCA confirms new listing rules including dual-class structure

Effective 3 December

Kathleen Gallagher
clock • 2 min read
FCA confirms new listing rules including dual-class structure

The Financial Conduct Authority has confirmed new listing rules, which will take effect tomorrow (3 December), in an effort to keep the UK as a “trusted and attractive place to list successful companies”.

According to the UK Listing Review, the number of listed companies in the UK has fallen by about 40% from a peak in 2008. Between 2015 and 2020, the UK accounted for only 5% of IPOs globally. In a policy statement released today (2 December) the FCA confirmed a number of changes that have been discussed in the UK Listing Review. These include: allowing dual class structures (DCSS) within the premium listing segment; reducing the amount of shares an issuer is required to have in public hands from 25% to 10%; and increasing the minimum market capitalisation threshold for both premium an...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

The main risk warning rules come into force on 1 December 2022, with the remainder landing on 1 February 2023.

FCA warns alternative investment firms of increasing scrutiny

New risk warning rules due in December

clock 10 August 2022 • 2 min read
Janine Hofer-Wittwer CFA, SIX

MiFID II meets ESG and EU regulation

Tight time frame

Janine Hofer-Wittwer
clock 09 August 2022 • 3 min read
Roger Clarke, CEO, IPSX

Market deregulation is key to reinforcing the UK's position in the financial world

Austin Review

Roger Clarke
clock 05 August 2022 • 3 min read