The U.K.'s Financial Conduct Authority announced Thursday new rules for the country's stock market listings in a bid to boost growth following a slow down in IPOs.
"They aim to support a wider range of companies to issue their shares on a UK exchange, increasing opportunities for investors," the regulator added.
One key change is the removal of the 'premium' and 'standard' listing segments.
Shareholder approval for key events, like reverse takeovers and decisions to take the company's shares off an exchange, is still required," the FCA said.
Some rules around eligibility for listings will also change, such as the removal of a requirement for companies to provide track records of their revenue.
Organizations:
Bank of England
Locations:
London, IPOs