United Kingdom: Listing Rules & Flotation

On 16 June 2025, the Upper Tribunal upheld the decision of the Financial Conduct Authority (FCA) to fine Craig Donaldson and David Arden for being knowingly concerned in a breach of the Listing Rules...

The UK Upper Tribunal (Tax and Chancery) has upheld the Financial Conduct's Authority's (FCA) decision to take action against two former executives...

This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.

The FCA has introduced major changes to the UK Listing Rules, including a new single category for commercial company equity listings, an International Secondary Listing category for non-UK companies, allowances for dual-class shares, and a more disclosure-based approach. These reforms aim to simplify the listing process and attract more companies to the UK market.

The Financial Conduct Authority (FCA) has now published the final draft of the UK Listing Rules (UKLRs) which will come into force on Monday 29 July 2024.

On 11 July 2024, the FCA introduced major updates to the UK Listing Rules, effective 29 July 2024. Key changes include a unified listing category, relaxed financial requirements, and enhanced flexibility in dual-class share structures. The reforms aim to boost the UK market's appeal, especially for growth companies, by simplifying listings and ongoing obligations while aligning with international standards. This significant overhaul follows extensive consultation and is expected to attract a b

On 20 December 2023 the Financial Conduct Authority (FCA) published Consultation Paper CP23/31 setting out detailed proposals for the reform of the UK listing regime.

The Financial Conduct Authority published its much-anticipated consultation paper CP23/31 in late December 2023 setting out detailed proposed measures aimed at making the UK's Listing Rules more accessible...

The Financial Conduct Authority (FCA) published a consultation paper on 20 December 2023 (CP23/31), setting out its proposals to reform the UK listing regime with reference to feedback...