"The proposed reforms are an important first step to help re-energise capital markets and attract high-growth, innovative companies to set up, list, and grow their business operations in the UK, providing high value jobs that will benefit the economy."
Commenting on the outcome of Lord Hill's UK Listing Review, Chris Cummings said:
"The proposed reforms are an important first step to help re-energise
capital markets and attract high-growth, innovative companies to set
up, list, and grow their business operations in the UK, providing high
value jobs that will benefit the economy. The much-needed rebranding of
the standard listing segment and the review of the prospectus regime are
important steps in achieving a modernised listings regime. We look
forward to working with the government and regulator on the
review’s proposal to allow dual class share structures and reduced free
float in the premium segment, while ensuring there are
appropriate investor protections for minority shareholders. The review
should also ensure the UK is positioned as the leading global hub for
sustainable investment, so those companies that list here deliver
outstanding long-term returns for savers and investors."
IA
© Investment Association
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