We are bringing forward a review of some aspects of the UK Listing Rules to consider how they apply to specific types of investment entities.
As part of the Primary Markets Effectiveness Review we explored which types of investment entities could be eligible to be listed. Since introducing the new listing rules we have heard from stakeholders that these eligibility criteria, particularly regarding risk-spreading, may be unduly restrictive. We will use this review to assess if changes should be made.
As part of this review, we will also conduct targeted work to assess how our rules, in the context of company law, ensure that boards support strong shareholder rights and engagement and manage conflicts of interests.
We plan to set out proposals in a consultation paper and to complete the work by the end of the year.