The Association for Financial Markets in Europe (AFME) welcomes the Financial Conduct Authority (FCA)’s final rules for a new, simplified and more competitive listing regime, aiming to boost growth and innovation on UK stock markets.
Commenting on the publication of the final rules, Gary Simmons, Managing Director of Equity Capital Markets at the Association for Financial Markets in Europe (AFME), said:
“The final rules in Policy Statement 24/5 set out a simplified listings regime with a single category and streamlined eligibility for those companies seeking to list their shares in the UK. We applaud the FCA on a bold overhaul of the current listing regime, which we believe, is a significant step towards increasing the attractiveness of the UK capital market and aligning the regime with international market standards. The new regime features a more flexible, disclosure-based approach, representing a move towards economic growth and accommodating increased risk appetite within the market. The rules retain the sponsor role, but outline a recalibrated declaration requirement and will play an important role alongside the forthcoming changes to the public offers and admissions to trading regime this summer.
“We thank the FCA for the continued engagement over the past three years and we look forward to further engagement with the FCA as this develops.”
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