March 2009

Response to FSA’s Consultation Paper on the Structure of the Listing Regime

 The Exchange has responded to the FSA’s Consultation Paper CP 08/21 “Consultation on Amendments to the Listing Rules and Feedback on DP08/1 (A Review of the Structure of the Listing Regime)".

In our response, we applaud the FSA's efforts to increase transparency around the Listing Regime, but raise concerns that the FSA's intentions are not clear regarding their aim to engage with the European Commission on altering regulatory requirements for GDRs. We also request that the FSA gives additional consideration to how it will position the proposed Standard Listing route for UK companies in order to avoid confusion amongst market participants (particularly investors). Lastly, we raise a concern that the current issues surrounding the financial services' industry may deflect the attention of key stakeholders from giving the consultation the consideration it demands.

Downloads
Response to FSA’s Consultation Paper on the Structure of the Listing Regime (file pdf - 1 MB)