FSA consults on changes to the Listing Rules
The Financial Services Authority (FSA) has proposed a number of changes to the Listing Rules that set out the requirements for companies listed in the UK.
The changes are updates to the rules to take account of market developments. The Listing Rules are the responsibility of the United Kingdom Listing Authority (UKLA), operating under the FSA. The Consultation Paper (CP) also sets out some wider issues in relation to the premium listing standard on which comment is sought.
The Listing Rules have been reviewed on a regular basis since their introduction in 2000. The last review in 2008-10 introduced the premium and standard segments in order to provide greater clarity for investors.
David Lawton, the FSA’s acting director of markets, said: “It is important that the Listing Rules continue to keep pace with market developments and the needs of investors. We believe that this consultation, which proposes specific changes, but also invites debate about the corporate governance standards that should underpin the premium listing standard, will serve that purpose and welcome responses to help us maintain an appropriate regime for the UK.”
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