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The UK Financial Conduct Authority is in early stage discussions about changing its rules to shorten by a week the process for companies to go public in London, Bloomberg News reported on Friday. The regulator is considering scrapping its two-stage filing system, Bloomberg said, citing ‘people familiar with the matter’. The FCA has not yet set a timeline for the potential reform, Bloomberg said, adding there is no certainty that it will go ahead. The change would reverse a rule from 2018 that was supposed to bring external research into IPOs to give investors a more independent perspective. Unlike in Europe, the filing process is split in the UK. Companies first issue an expected intention to float, followed by a confirmatory statement a week later. The gap is intended to give analysts, beyond the slate of IPO advisers, to write their own reports on the company before marketing starts. A spokesperson for the FCA declined to comment to Bloomberg. The UK regulator has already set out other plans to speed up IPOs by allowing shares to be offered to the general public three days after publication of the prospectus, down from six. Listing reforms by the FCA also have included allowing companies to carry out more fundraising activity without putting it to a shareholder vote. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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