Morning, Friday, 16th January 2026
Online
This conference will examine early lessons from implementation of listings reform, and priorities for improving the attractiveness of the UK market as the new framework begins operation.
It will bring stakeholders and policymakers together to assess initial developments and challenges arising from the transition to the new Public Offers and Admissions to Trading Regulations - in effect from January 2026 - alongside progress of the Private Intermittent Securities and Capital Exchange System pilot.
Attendees will assess priorities for the Listings Taskforce and the recently announced Office for Investment: Financial Services in supporting companies responding to the new regime and navigating the regulatory environment.
Policy development & implementation
Areas for discussion include implications of the Financial Services Growth and Competitiveness Strategy and the FCA’s PS25/9 and PS25/10 policy statements for capital raising and disclosure, market access, and best practice in navigation of the new regime. Delegates will discuss initial experiences of prospectus and secondary fundraising under the new 75% threshold, and how the use of safe-harbour provisions for forward-looking statements might affect issuer confidence, the treatment of liability and enforcement, and approaches taken for disclosure transparency.
With the first filings and FCA responses now underway, sessions will provide an early opportunity to exchange evidence-based insights on practical challenges. Delegates will assess operational and regulatory implications of FCA’s recently published guidance, including on how firms can navigate new timelines and cut-off dates for prospectus submissions, transitional procedures for document review, and the impact of new forms and sponsor declarations on deal timelines and adviser workflows.
The FCA’s consultation on revised technical notes will be discussed, including the need for additional clarity for issuers and advisers, how firms might interpret new guidance, and next steps for ensuring operational readiness during the transition window. New proposals on sustainability-related disclosures will also be considered, including how the PRM climate rule and the POATR might necessitate broader reporting, and what this means for the integration of environmental data into financial documentation.
Regulation, oversight & compliance
As the first weeks of the new regime provide initial evidence of how the market is adjusting, discussion will focus on authorisation and oversight of public offer platforms, including implications for retail participation, investor protections, and confidence in market integrity.
Areas for discussion include alignment of streamlined listing and disclosure processes with regulatory priorities for compliance and oversight, and coordination between HM Treasury, the FCA, Office for Investment, and exchange operators.
PISCES
With the first trading data and operational experiences now emerging from the pilot’s launch phase, sessions will assess how PISCES is positioned alongside AIM and Aquis, and what will be needed from its implementation to support liquidity for high-growth companies, improve valuation transparency, and ensure proportionate safeguards for investors as the pilot progresses.
Discussion will also look at approaches to mitigating the effects of trading patterns during the pilot on price stability, company valuations, and market confidence, and maintaining the reliability of information and research available to investors.
UK listings market attractiveness & digitisation
Attendees will consider wider factors influencing decisions on where to list, such as availability of UK-based investment capital, signals from pension funds on investment allocation, stamp duty, and the design of the Government’s planned campaign to boost individual participation in UK share ownership.
As the Dematerialisation Market Action Taskforce commences work on an implementation plan for the digitisation of paper-based shares and transition to a fully intermediated system of shareholding in the UK, delegates will assess how infrastructure reforms might support market attractiveness and improve the efficiency of trading and overall shareholder experience.
Further discussion will consider priorities for the British Business Bank, sovereign investors and other bodies in boosting confidence in the UK market and supporting the pipeline of listings through 2026 and beyond.
All delegates will be able to contribute to the output of the conference, which will be shared with parliamentary, ministerial, departmental and regulatory offices, and more widely. This includes the full proceedings and additional articles submitted by delegates. As well as key stakeholders, those already due to attend include officials from the Department for Transport; HM Revenue and Customs; and The Scottish Government.
