What new London listing rules mean for EM companies

Author: Gemma Varriale | Published: 13 Nov 2013
  • London’s market regulator has released rules designed to enhance the effectiveness of London’s listing regime and prevent majority shareholders from destroying a company’s value;
  • Although the new regime will require companies looking for a premium listing in London to think more closely about their corporate governance procedures, they are not expected to be a disincentive for listings in the UK’s capital;
  • However, one partner at a magic circle law firm has said that, in drafting the rules, the UK Listing Authority might have missed an opportunity to re-educate the institutional investor community.

London’s market regulator, the Financial Conduct Authority (FCA), has released rules designed to enhance the effectiveness of London’s listing regime and reinforce protections for minority shareholders. The long-awaited new regime has several key...