(Reuters) -Britain’s Financial Conduct Authority, or FCA, is in early talks to change its rules to shorten the timeline for companies to go public in London by a week, Bloomberg News reported on Friday.
After a challenging year marked by an exodus of companies from London, there is now renewed appetite for UK listings, with Princes Group and Shawbrook preparing to list and Beauty Tech debuting earlier this month.
The regulator is considering scrapping its two-stage filing system, which critics say makes London IPOs more vulnerable to market swings than those on other European bourses, the report said, citing people familiar with the matter.
The FCA declined to comment on the report.
Phasing out the two-stage filing system would add momentum to the UK’s wider push to cut red tape and boost the appeal of its capital markets.
(Reporting by Dhanush Vignesh Babu and Rishab Shaju in Bengaluru; Editing by Alan Barona and Joe Bavier)
