How to Scale UK Expansion in 2026

As an outcome of the introduction of the UKLR sourcebook in July 2024, both the London Stock Exchange (LSE) and FTSE Russell made consequential modifications to their rules. In July 2024, the LSE confirmed changes to its Admission and Disclosure Standards to show the collapse of the previous premium and standard listing sectors into the new business business category.

, chaired by Charlie Geffen. The objective of the taskforce was to consider the potential advantages of the UK moving to a T +1 securities settlement cycle and detail how this modification might be executed.

, chaired by Sir Douglas Flint.

Leveraging Venture Funding for Mid-Market Growth

In July 2023, the taskforce released an Interim Report (read our summary here) which made a variety of suggestions, including: legislation ought to be advanced, and company short articles of association changed, as quickly as practicable to stop the issuance of new paper share certificates; the federal government needs to bring forward legislation to need dematerialisation of all share certificates at a future date; the government ought to consult with issuer and investor representatives on the favored disposition of "recurring" paper share interests and whether a time limitation must be imposed for the identification of untraced Ultimate Beneficial Owners (UBOs); andintermediaries need to have a commitment, as a condition of participation in the clearing and settlement system, to put in place common technology that enables them to respond to UBO requests from companies within an extremely brief time frame.

ANSR July UK PRs

Digitisation would target noted business with a view to lowering costs and waste, and simplifying shareholder communication. The report proposes additional steps to guarantee that UBOs within the intermediated securities chain would be able to work out shareholder rights that are currently only guaranteed for registered investors, in addition to procedures to enhance interaction in between companies and UBOs.