Developing Ethical Trade Networks for 2026

As a result of the introduction of the UKLR sourcebook in July 2024, both the London Stock Market (LSE) and FTSE Russell made consequential changes to their rules. In July 2024, the LSE validated modifications to its Admission and Disclosure Standards to show the collapse of the previous premium and basic listing sections into the brand-new industrial company category.

, chaired by Charlie Geffen. The goal of the taskforce was to think about the possible advantages of the UK moving to a T +1 securities settlement cycle and describe how this change could be carried out.

On 19 February 2025, the UK government revealed it accepted the suggestion and the UK market plans to transfer to a T +1 settlement cycle on 11 October 2027. One of the suggestions from the UK Secondary Capital Raising Evaluation led to the facility in July 2022 of the Digitisation Taskforce, chaired by Sir Douglas Flint.

Leveraging Venture Capital for UK Growth

In July 2023, the taskforce published an Interim Report (read our summary here) which made a variety of suggestions, consisting of: legislation must be advanced, and company short articles of association altered, as quickly as practicable to stop the issuance of brand-new paper share certificates; the government ought to bring forward legislation to require dematerialisation of all share certificates at a future date; the federal government ought to talk to issuer and financier agents on the preferred disposition of "residual" paper share interests and whether a time frame need to be enforced for the recognition of untraced Ultimate Beneficial Owners (UBOs); andintermediaries should have a commitment, as a condition of participation in the clearing and settlement system, to put in location common innovation that enables them to react to UBO requests from companies within a really brief time frame.

ANSR July UK PRs

Digitisation would target noted business with a view to lowering expenses and waste, and streamlining investor interaction. The report proposes additional steps to guarantee that UBOs within the intermediated securities chain would have the ability to exercise investor rights that are currently just ensured for signed up investors, as well as steps to boost interaction between business and UBOs.