Proposed new UK listing regime - more detail released

On 7th March, the FCA published further details of their proposed new Listing regime, with a full draft of the new UK Listing Rules and revised Listing Principles.

This includes additional guidance on:

  • Listing Principle 1, establishing and maintaining adequate procedures, systems and controls to enable an issuer to comply with its obligations; and
  • Listing Principle 2, dealing with the FCA in an open and co-operative manner.

The FCA have also provided more detail on:

  • the transition category for existing standard listed companies;
  • international companies seeking a secondary listing (UKLR 14); and 
  • draft rules for other categories of issuers (including closed-ended and open-ended investment companies),

as well as on areas that would be applicable to issuers in all categories, such as the suspension, cancellation and restoration of listing.

The consultation on CP 23/31 closes on 31 March 2024 (see our blog here), but the will accept comments on this additional tranche of rules until 2 April 2024. 

Read more here: the full draft of the new UK Listing Rules.

Published 14 March, 2024