Commercial company

1. Treasury - corporate finance - listed companies - UK - London Stock Exchange (LSE) - Financial Conduct Authority (FCA) - UK Listing Rules (UKLR).

For the purposes of the UK Listing Rules (UKLR), Commercial company with equity shares is a broad category of listed companies that combines the former Premium and Standard Listing segments.

The intention is to simplify the requirements for listed companies, and - with appropriate safeguards - reduce the compliance and cost burdens on companies.

New UK listing regime is more disclosure-based

"Our final rules for the new listing regime confirm a shift to a more disclosure-based approach, putting information in the hands of investors so they can make informed decisions.

They remove barriers for listed companies by no longer imposing shareholder votes on significant and related party transactions, provide more flexibility on enhanced voting structures, and create a single, simpler equity listing category for commercial companies.

At the same time, important protections have been retained, for example shareholder votes for reverse takeovers and cancellations of listings.

We have kept in mind that investors already choose to put their money in companies listed outside the UK, where the costly obligations we are removing do not exist.

We believe institutional investors have the ability and heft to steer the companies they co-own.

What’s more, evidence does not suggest that UK-listed companies are valued more highly by investors because of the current regime.

Our reforms emphasise the choices available to investors and companies, rather than the regulator making prescriptive, one-size-fits-all decisions.

These reforms may mean investors change how they engage with companies, making more use of shareholder rights at law and other mechanisms to scrutinise boards and business strategies."

Primary Markets Effectiveness Review - FCA - July 2024.

2. Treasury - corporate finance.

A company established to run a profit-seeking business.

See also

• Business
• Commerce
• Commercial
• Commercial bank
• Commercial credit risk
• Commercial drive and organisation
• Commercial finance
• Commercial paper
• Commercial real estate
• Commercial risk
• Company
• Compliance
• Corporate finance
• De-listing
• Disclosure
• Equity
• Financial Conduct Authority (FCA)
• Institutional investor
• Investor
• Jurisdiction
• Law
• Listed company
• Listing
• London Stock Exchange
• Nonprofit
• Premium Listing
• Primary market
• Regime
• Regulator
• Related party transaction
• Reverse takeover
• Rules
• Security
• Share
• Shareholder
• Significant transaction
• Standard Listing
• Stock
• Stock exchange
• Treasury
• UK Listing Rules (UKLR)

Other resources

• FCA overhauls listing rules to boost growth and innovation on UK stock markets - FCA press release - 11 July 2024
• UK Listing Rules (UKLR) effective from 29 July 2024 - PS24/6: Primary Markets Effectiveness Review: Feedback to CP23/31 and final UK Listing Rules - FCA