Changes to the LSE Listing Rules - Enhancing the Effectiveness of the Listing Regime: Feedback and Further Consultation

Further to a consultation document published in October last year, the UK Financial Conduct Authority (“FCA”) (formerly the Financial Services Authority, the “FSA”) has decided to implement a number of significant changes to the UK Listing Rules with the aim of “enhancing the effectiveness of the Listing Regime”. The FCA is also consulting on new proposals which will form part of the same package of changes to be adopted in mid-2014. While most of the changes are directed at companies with premium listings in London, some will impact standard-listed companies as well (including issuers of bonds and GDRs). Many of the changes will require action to be taken by affected companies.