FCA Plans Revamp Of Shareholding Rules For Listed Firms

Law360, London (July 5, 2021, 12:35 PM BST) -- The finance watchdog has proposed that listed companies should cut the number of shares they are obliged to place in public hands, under capital markets reforms designed to boost the competitiveness of London financial markets.

The Financial Conduct Authority launched a consultation on Monday on amendments to improve Britain's primary markets and lower barriers to entry for issuers. The proposals include reducing the free-float requirement for companies listed on the London Stock Exchange — the proportion of a company's shares that must be in public hands — from 25% to 15%.

The free float ensures that the shares being traded are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!