The global capital markets are in a period of change, driven by new legislation, consolidation and competition among trading platforms, and new sources of economic growth and demand for capital.
The UK Listing Regime is a key element of the UK capital markets offering, both domestically and overseas, and one of the reasons for its success. Although we have reviewed the details of the regime thoroughly in recent years, the continuing evolution of global markets, and concerns by some market participants about the potential for confusion between the different Listing segments in the light of this evolution, mean that now is a good time to consider the structure of the regime as a whole, and in particular how it fits within the changing EU legislative structure.
We would welcome a full and open debate on how the Listing Regime should be structurally developed in view of these changes.
