On 6 May 2014, the FCA published Listing Rules (Listing Rules Enhancements) Instrument 2014 (the "Instrument") to amend the FCA Handbook and the Listing Rules with effect from 16 May 2014. The Instrument implements the majority of the consultation proposals included in the FCA's Consultation Paper CP 13/15 on Enhancing the Effectiveness of the Listing Regime, including the introduction of new initial and ongoing requirements for premium listed companies with a controlling shareholder and new and revised Listing Principles. On 16 May 2014, the FCA published Policy Statement PS14/8 setting out its response to its consultation in CP 13/15.
Earlier discussions on these developments can be found in several previous newsletters, including those of October 2012 and January 2014.
The Instrument is available at:
http://media.fshandbook.info/latestNews/FCA_2014_33.pdf
The Policy Statement is available at:
http://www.fca.org.uk/static/documents/policy-statements/ps14-08.pdf
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.