Review of the Listing Regime FSA CP 203

The Listing Review has a number of aims:

• to simplify and modernise the listing regime;
• to accommodate the impact of the changes being proposed to the European regulatory framework in which we operate and to company law;
• to ensure that the UK continues to offer a regime that provides an appropriate level of regulation, and the flexibility and transparency demanded by those wishing to raise capital on the London markets; and
• to ensure that, given the changing legal and regulatory environment, the regime we operate continues to meet our regulatory objectives.

We need to ensure that there is a clear understanding of the boundaries of the listing regime and the effect that changes to the regulatory environment will have on our ability to set and monitor rules.