London’s main market watchdog has started outlining plans to make the City a more attractive place for companies to list shares, in a long-awaited move that follows a series of high-profile wins for New York, the square mile’s arch rival.
The Financial Conduct Authority wants to “reform and streamline” London’s stock marketrules governing what companies must do to put their shares on sale. The changes come after listings in the UK plunged by 40% since 2008 according to data from The UK Listing Review quoted by the regulator.
