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FCA to consult on Hill and Kalifa reforms to UK markets

Rule changes on dual-class share structures and free float requirements are intended to make the City more attractive

The FCA said it would seek comment on four areas of potential change to regulation from two major reviews, including allowing a targeted form of dual-class share structures within the premium segment
The FCA said it would seek comment on four areas of potential change to regulation from two major reviews, including allowing a targeted form of dual-class share structures within the premium segment Photo: Chris J Ratcliffe/Getty Images

The UK’s Financial Conduct Authority has launched a consultation on a range of proposed reforms to the country’s primary markets rules, following two major reviews of the sector.

The UK Listing Review, chaired by Lord Jonathan Hill, and the Kalifa Review of the fintech sector made sweeping recommendations earlier this year to reform the City’s market regulations in a bid to make them more attractive to both companies and investors.

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