Premium or standard?

Author: | Published: 1 Nov 2009

The FSA has recently published its Policy Statement and Consultation Paper (CP09/24) on the changes which implement its review of the listing regime. Following its consultation, the FSA decided not to make any major structural changes and instead to focus on segmentation and labelling arrangements. It did however make significant policy changes in respect of the corporate governance of, and pre-emption rights for shareholders in, overseas companies with a "premium" listing and to the ability of a UK company to have a "standard" listing. The effective date for most of the new rules is 6 April 2010. However, the FSA has decided to bring forward the timetable for making a standard listing available to UK companies and the rule changes to implement this were effective from 6 October 2009.

Segmentation and labelling The two-tier listing regime is being retained but re-labelled, with a tier 1 of primary listed securities with...