Capital markets rules: Dual class share structures may be a step too far in race for modernisation

Regulations need updating – but not like this

Almost any participant in London's capital markets would have welcomed Lord Hill's UK Listing Review, which was published in March.

It appeared that the Treasury reacted with relative speed to both the SPAC boom in the US markets and the sight of major technology IPOs not coming to London. This was in part because of a perceived lack of flexibility in London's most liquid and well recognised market, the premium segment of the London Stock Exchange's (LSE) main market, where companies listed must comply with stringent eligibility criteria and continuing obligations. Lord Hill review: FCA urged to approach listings shake-up with caution One cannot dislocate the Treasury's apparent surge in interest in these issue...