On May 3, 2023 the FCA published its long-awaited consultation setting out the proposed approach to reform of the London listing regime, focusing on equity shares of commercial companies (ESCC), with the aim of attracting a more diverse range of companies and bolstering the competitiveness of the UK markets whilst maintaining high standards of disclosure and transparency.
We have published a new briefing which sets out an overview of the key features of the new ESCC listing category and our thoughts on the proposed reforms.