On 26 May 2022, the FCA published a discussion paper (DP 22/2) seeking views on replacing the existing Premium and Standard listing segments with a proposed regime for a single listing segment for equity shares in commercial companies. The proposals include a single set of eligibility requirements, mandatory continuing obligations and optional supplementary continuing obligations. The Discussion Paper also provides the FCA's views on the effectiveness of the sponsor regime.
The FCA's proposals in DP 22/2, if implemented, would mark a significant change to the existing UK listing regime. In this briefing, we provide a contextual overview of the proposals and set out our views on their impact.