Enactment of Rules or Laws to Govern Certain Actions
Article Title: Let's chat with Lord Hill: The Need for Change in London's Markets
Get the lowdown on European policymaking and London's woes from Lord Hill, the big boss behind the UK listings review
By Justin Cash, 24th February, 2025 @ 7PM
Lord Hill, one of the most influential figures in European policymaking, shares his thoughts on the UK listings review, questioning the role of regulators in London's market challenges.
Lord Hill's 2020 UK listings review, a game-changer, aimed to heighten the competitiveness of London's markets by suggesting creative modifications to the regulatory landscape. Here's a sneak peek:
- Simplified Listing Rules: Proposed an overhaul of the listing rules to cut down on complexity, making the process less daunting for companies attempting to list in London.[4]
- Relaxed Free Float Requirements: Considers lowering the free float requirement for companies looking to list, making it easier for businesses with concentrated investor bases to list in London.[4]
- Dual-Class Share Structures: Advocates for the implementation of dual-class share structures for premium listed companies, allowing founders to retain control after listing.[4]
- Tech-Friendly Listing Regime: Introduced a tailor-made listing regime for tech companies, acknowledging the unique hurdles and prospects of the tech sector.[4]
- A Compelling Listing Venue: Despite the global competition, the ultimate goal is to keep London as attractive as possible for companies tempted to list.[4]
These reforms were designed to transform London into a more appealing destination for companies intent on listing, all the while safeguarding high standards of governance and transparency.
In the context of Lord Hill's 2020 UK listings review, the aim was to enhance London's competitiveness in finance and business by proposing simplified listing rules, relaxing free float requirements, advocating for dual-class share structures, introducing a tech-friendly listing regime, and maintaining high standards of governance and transparency. Lord Hill's reforms seek to create a governance framework that encourages growth and investment while ensuring a conducive environment for businesses.
