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Changes ahead: London market is ready for reform

Along with other stock exchanges across the world, the London Stock Exchange (LSE) had a challenging 2023, recording only 23 new listings with a total value of less than US$1 billion. This represented a 23 percent...more

HM Treasury publishes consultation on private intermittent securities exchange platform

The consultation sets out further detail on the government's proposals, announced as part of the Edinburgh Reforms in December 2022, to develop a venue for the intermittent trading of private company shares and seeks feedback...more

FCA publishes detailed proposals for reforms to UK listing regime

The FCA has published further detailed proposals for a significantly reformed UK listing regime, including the first tranche of its proposed new Listing Rules. The proposals mark another important milestone in the...more

Global IPOs: Seeking signs of stabilization

Resetting expectations - It was clear in the opening months of 2022 that the winds had changed for the global IPO market as compared to the prior year, a rocky path that continued throughout the year and into the first...more

FCA updates on UK listing regime reforms

The FCA has provided updates on its expected approach to proposed reforms to the UK listing regime, including a new single listing segment. On 29 March 2023, the FCA's Chief Executive, Nikhil Rathi, delivered a speech at...more

FCA discussion paper on further UK listing regime reforms

FCA publishes discussion paper on replacing current premium and standard listing segments with new single listing segment and sponsor regime reforms- On 26 May 2022, the FCA published a discussion paper (DP22/2) seeking...more

FCA SPAC Consultation – Draft Rules Published

The FCA has today published a consultation paper proposing changes to the Listing Rules applicable to Special Purpose Acquisition Vehicles (SPACs). The FCA's main proposal is to remove the existing presumption in the...more

5 things you need to know about...SPACS

One - SPACs (special purpose acquisition or "blank cheque" companies) have recently regained prominence in the US, with H1 2020 seeing record-breaking levels of activity, both in terms of value (Bill Ackman's $4bn...more

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