Main Market resources

This subtopic contains resource notes which highlight relevant commentary, analysis and resources to assist with the interpretation of and provide practical guidance on the UK Listing Rules, the previous Listing Rules, the Disclosure Guidance and Transparency Rules, the Prospectus Regulation Rules, the Prospectus Regulation and the Market Abuse Regulation. It also contains trackers which summarise legislative and regulatory developments in relation to the these sourcebooks, the UK Prospectus Regulation and other relevant resources.

Reform of the UK listing and prospectus regime

A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies which sits alongside other listing categories such as the shell companies, secondary listing, transition and closed ended investment fund categories. The UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked.

Following a Treasury consultation on the prospectus regime, The Public Offers and Admissions to Trading Regulations 2024 (POATR) were made in January 2024. These regulations provide ...

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Latest Corporate News

Corporate weekly highlights—27 March 2025

This week's edition of Corporate weekly highlights includes the key corporate announcements made in the Spring Statement 2025 as well as the tax analysis of the Spring Statement 2025, including expert commentary. Other items include the FRC’s publication of company size threshold amendments, the launch of the FCA’s survey for ESG ratings providers to inform future regulation, and the publication by the Home Office of an updated version of its statutory guidance on modern slavery in supply chains.

Spring Statement 2025—Key Corporate announcements

In the Spring Statement 2025, on 26 March 2025, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, announced a series of measures aimed at promoting growth and investment in UK businesses, including in relation to the Private Intermittent Securities and Capital Exchange System (PISCES), the proposed new type of stock exchange that will allow private companies to have their shares traded intermittently.

Spring Statement 2025—Tax analysis

Tax analysis: A summary of the key business tax announcements made in the Spring Statement on 26 March 2025. Key announcements include: (1) a consultation on the use of advance clearances for research and development (R&D) tax relief, (2) a consultation on advance tax certainty for major projects, (3) confirmation that the Advance Pricing Agreement programme can be used for cost contribution arrangements, (4) consultations on new measures to close in on promoters of marketed tax avoidance and options for reform of HMRC’s powers against tax advisers who facilitate non-compliance, (5) a consultation on options for reform of inaccuracy and failure to notify penalties, and (6) a consultation on changes to the way HMRC collects and uses third-party data. Expert comment provided by Andersen LLP, Blick Rothenberg, Bryan Cave Leighton Paisner, Charles Russell Speechlys, Eversheds Sutherland, Gide Loyrette Nouel, Mishcon de Reya LLP, PKF Francis Clark, Pinsent Masons and Temple Tax Chambers.

FRC publishes update on company size threshold amendments

The Financial Reporting Council (FRC) has released updates to relevant existing publications in response to the Government’s changes to UK company size thresholds, due to come into effect from 6 April 2025. The FRC has also published a summary document, outlining the changes to provide clarity for those reporting in line with the updated framework.