摘要：The global capital markets are in a period of change, driven by new legislation,
consolidation and competition among trading platforms, and new sources of
economic growth and demand for capital. The UK Listing Regime is a key element of
the UK capital markets offering, both domestically and overseas, and one of the
reasons for its success. Although we have reviewed the details of the regime
thoroughly in recent years, the continuing evolution of global markets, and concerns
by some market participants about the potential for confusion between the different
Listing segments in the light of this evolution, mean that now is a good time to
consider the structure of the regime as a whole, and in particular how it fits within
the changing EU legislative structure. We would welcome a full and open debate on
how the Listing Regime should be structurally developed in view of these changes.
