United Kingdom Listing Authority meaning

In this issue: Equity capital markets Corporate governance Environmental, social and governance issues Finance Bill 2026 Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equity capital markets FCA publishes Quarterly Consultation CP25/35 The Financial Conduct Authority has released Quarterly Consultation CP25/35 No 50, outlining proposals to simplify the process for admitting new securities under UKLR 20 and to make a limited number of minor adjustments to other UKLR rules reflecting stakeholder input. It also suggests corrective and clarifying amendments to the Handbook for the new Public Offers and Admissions to Trading regime, addressing drafting errors and ensuring greater consistency. Comments are requested by 19 January 2026, and for the proposed amendment to COLL 5.2.29R(3) by 22 December 2025. See: LNB News 08/12/2025 18. Corporate governance Glass Lewis publishes 2026 Benchmark Voting Policies for major jurisdictions Glass Lewis has issued its 2026 Benchmark Voting...

STOP PRESS Major changes to the UK prospectus framework took effect on 19 January 2026 throughout the United Kingdom. The latest rules for public offers of securities and for admissions to trading in the UK are chiefly contained in the Public Offers and Admissions to Trading Regulations 2024, SI 2024/105, (the POATRs) and in the FCA sourcebook titled The Prospectus Rules: Admission to Trading on a Regulated Market (PRM). The UK Prospectus Regulation and the FCA Prospectus Regulation Rules have been revoked. The reforms aim to streamline capital raising and materially cut the instances when a company must produce an FCA-approved prospectus for a subsequent share issue. For comprehensive details of the amendments, see Practice Note: UK prospectus regime reform. This Practice Note describes the prospectus regime that applied before 19 January 2026...

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully effective across European Union Member States, and the Prospectus Directive was repealed. The Prospectus Regulation now determines when a prospectus must be published in relation to an offer of securities to the public in the United Kingdom, or for the admission of securities to trading on a regulated market in the United Kingdom. The FCA brought the FCA Handbook into close alignment with the Regulation by removing the Prospectus Rules in full and replacing them with the Prospectus Regulation Rules sourcebook. For further information, see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note, together with related notes on the now repealed Prospectus Rules, has been retained for ongoing reference because the commentary may still prove relevant to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note points to relevant commentary, analysis...