The Financial Conduct Authority has announced an accelerated review of aspects of the UK Listing Rules to assess how they apply to specific types of investment entities, and whether changes are needed to facilitate their eligibility for listing. Stakeholder feedback following the introduction of the new listing rules indicated that eligibility criteria, particularly the risk-spreading requirements, may be unduly restrictive. The review will also include targeted work on how the FCA’s rules, in the context of company law, support strong shareholder rights and engagement and how boards manage conflicts of interest. Proposals are expected to be set out in a consultation paper, with the FCA aiming to complete the work by the end of the year.
Financial Conduct Authority 2026-03-03
Financial Conduct Authority brings forward review of UK Listing Rules for investment entities’ eligibility and governance requirements
The Financial Conduct Authority (FCA) is conducting an accelerated review of the UK Listing Rules to evaluate their application to certain investment entities and potential changes to eligibility criteria. Stakeholder feedback suggests that current risk-spreading requirements may be overly restrictive. The review will also examine how FCA rules support shareholder rights and board management of conflicts of interest.