London to modernise listing rules as attractiveness stumbles

Hill report calls for cut in free float to 15%

Pedro Gonçalves
clock • 2 min read

The UK will ease its listing rules to encourage firms to choose the UK over rivals in the US and Europe as the government tries to carve out a role for the City of London after Brexit.

Under the recommendations of the review led by Lord Hill, former EU financial services commissioner, company founders would be able to maintain control over their companies even after listing them on an exchange in London. Lord Hill said the recommendations were aimed at "closing a gap which has already opened up" with other international markets and attract more firms to list in London. The London Stock Exchange is facing tougher competition from NYSE and Nasdaq in New York, and from Euronext in Amsterdam since Britain fully left the European Union on December 31. The review propo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two convicted over role in £1.5m fake crypto investment fraud

Two convicted over role in £1.5m fake crypto investment fraud

Retrial set for a third individual

Jen Frost
clock 08 November 2024 • 2 min read
FCA urged to add ethical funds SDR label

FCA urged to add ethical funds SDR label

'We will carry on lobbying to try and change the rules'

Cristian Angeloni
clock 07 October 2024 • 1 min read
FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read