FSA Consults on Improvements to Listing Regime

The Financial Services Authority has launched a consultation which sets out a number of suggestions for amendments to the Listing Rules, as a follow-up to its consultation of January 2012. The proposals focus on two main areas:

- clarifying the operation of the free-float provisions, which allow the FSA to consider a free float of below 25% if there is sufficient liquidity; and

- greater corporate governance requirements for companies with a dominant shareholder.

Responses to the consultation should be submitted by January 2, 2013.