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  • HM Treasury Statement on UK Listing Review

    Chancellor of the Exchequer Rishi Sunak has published a statement responding to Lord Hill's Review of the U.K. Listing Regime. Lord Hill's U.K. Listings Review was published in March 2021 and assessed how, following Brexit, the existing U.K. listing regime could be reformed to attract more companies, particularly technology and life sciences companies, to raise capital in London. The Review made 14 specific recommendations, including some requiring consultations by the U.K. Financial Conduct Authority and HM Treasury.
    In response, the Chancellor committed to:
    • Presenting a "State of the City" report to Parliament on an annual basis, commencing in 2022; the Listings Review recommended that this report sets out the steps that have been taken or are being taken to promote the attractiveness of the U.K. as a global financial center;
    • Considering a "growth" or "competitiveness" objective for the FCA as part of the Future Regulatory Framework review;
    • Commencing a public consultation on the U.K.'s prospectus regime in 2021; and
    • Convening a group to consider how the raising of further capital by listed companies may be made more efficient.

    View the Chancellor of the Exchequer's Written Statement.

    View details of Lord Hill's Listings Review.
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    TOPIC: Securities