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UK regulator suggests simpler listing rule for London -Breaking


© Reuters. FILEPHOTO: The skyscrapers of The City of London are visible in London, Britain. September 14, 2020. REUTERS/Hannah McKay

LONDON, (Reuters) – The Financial Conduct Authority announced Thursday that Britain’s dual-track listing system could be simplified to allow for a single entry to the London Stock Exchange in order to bring more start-ups to Britain.

Britain is keen to increase London’s appeal as a location for listing as it trails New York in the number of tech companies that are brought to London. This comes as London faces increased competition from Amsterdam after Brexit.

In a paper published by the FCA on Thursday, they suggested that companies who wish to list in London should not have to choose between standard or premium segments with different branding and standards.

The FCA stated in a statement that “instead of all listed companies having to meet one set criteria, they could choose to opt into another set of obligations.”

“Companies, and shareholders, would determine for themselves if these extra obligations were appropriate for them.”

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