Key takeaways:

• On 26 January 2012 the Financial Services Authority (FSA) published its Consultation Paper (CP) on proposed changes to the Listing Rules. The proposed changes are largely updates to the rules to take account of existing UKLA practice, however the UKLA has also invited comments on whether the Listing Rules need tightening as part of the matrix of rules and legal requirements intended to protect minority shareholders.
• If adopted, such changes may have a significant impact on the listing regime in England.