The changes, which are the culmination of a lengthy consultation process, are designed to allow the UK listings market to compete more effectively with global markets. 

The reforms came into force earlier this week and will reduce execution risk for issuers, lower compliance costs and make it easier for companies to access public markets.

Firms no longer need to wait 7 days between publishing an approved registration  document/prospectus and connected research, reducing the length of the IPO process by 7 days for most issuers and lower market risk.

Firms publishing connected IPO research no longer need to share the same information with a range of unconnected analysts as they do with their own research analysts. This will improve the flow of information to analysts and reduce compliance costs and burdens for issuers. 

The Financial Conduct Authority (FCA) hopes changes to its IPO rules will make listing on the Stock Market a more appealing prospect for companies.

The changes, which are the culmination of a lengthy consultation process, are designed to allow the UK listings market to compete more effectively with global markets. 

The reforms came into force earlier this week and will reduce execution risk for issuers, lower compliance costs and make it easier for companies to access public markets. 

Firms no longer need to wait 7 days between publishing an approved registration  document/prospectus and connected research, reducing the length of the IPO process by 7 days for most issuers and lower market risk.

Firms publishing connected IPO research no longer need to share the same information with a range of unconnected analysts as they do with their own research analysts. This will improve the flow of information to analysts and reduce compliance costs and burdens for issuers. 

The FCA says the changes “support our objective to enhance market integrity by removing unnecessary risk and friction from the listing process.”

Britain’s financial regulator also maintained the reforms of the 2018 rules will “advance our secondary objective of supporting the competitiveness and growth of UK markets – helping companies access capital and giving investors access to a wider range of investment opportunities.”

Jon Relleen, director of infrastructure and exchanges at the FCA, said: “We want the UK market to be an attractive place for companies to raise capital and grow. 

“By making the UK listing regime more efficient, we are supporting the growth and competitiveness of UK capital markets.”

Firms and issuers can still choose to engage with unconnected analysts during the IPO process, with any such arrangements being agreed on a commercial basis.