The UK Listing Review, chaired by Lord Hill, has published its recommendations for changes to the UK listing regime.
Commenting on the findings of the review, Miles Celic, Chief Executive Officer, TheCityUK, said,
The UK has one of the world’s foremost listing regimes, but we cannot be complacent in the face of fierce competition from the US and increasingly from financial centres in Asia. We must strive to be at the forefront of global trends and standards.
“The Hill Review has made a substantial contribution to this debate, and we strongly support its recommendations which are rightly focused on ensuring the long-term competitiveness of the UK listings regime while maintaining the UK’s high standards of governance and protection for investors.
“The findings of both the Hill and Kalifa reviews should now be set into a wider positive and proactive government strategy for the future of the industry, building on the UK’s existing strong competitive offering, and recognising our industry’s role as a strategic national asset for the UK.”