What’s wrong with London’s listing rules

Author: Gemma Varriale | Published: 27 Jan 2014
  • Last November the UK Financial Conduct Authority released rules designed to enhance the effectiveness of London’s listing regime and strengthen protections for minority shareholders;
  • But market participants have pointed to a lack of clarity in key areas;
  • The proposals for companies to establish a relationship agreement with controlling shareholders do not seem to offer an effective sanction in all circumstances;
  • There is uncertainty around whether the rules will ultimately have any impact on London’s attractiveness as a listing venue.

Market participants have...