United Kingdom: Listing Rules & Flotation

Moving on up! The UK's surge of capital market reforms has reinvigorated the debate about stepping up from AIM to the Main Market.

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...

The Financial Conduct Authority (FCA) will implement new UK Listing Rules on July 29, 2024, introducing a Commercial Companies category to attract innovative firms. The rules streamline listing processes, eliminating some requirements like historical financials and shareholder approvals for significant transactions. The Labour government supports these changes to enhance the UK's capital markets, despite mixed reactions.

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.

Significant changes are coming for UK listed companies. The Financial Conduct Authority (FCA) has recently published detailed proposals aimed at improving the framework for listed commercial companies in London.

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...