How UK Leadership Redefines Global Strategy

As a result of the intro 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 changes to its Admission and Disclosure Standards to show the collapse of the previous premium and standard listing sections into the new business business classification.

, chaired by Charlie Geffen. The goal of the taskforce was to think about the potential advantages of the UK moving to a T +1 securities settlement cycle and outline how this modification might be carried out.

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

Optimizing IT Systems for British Firms

In July 2023, the taskforce published an Interim Report (read our summary here) that made a number of recommendations, including: legislation ought to be advanced, and company articles of association changed, as quickly as practicable to stop the issuance of new paper share certificates; the federal government must advance legislation to need dematerialisation of all share certificates at a future date; the federal government must seek advice from provider and financier agents on the favored personality of "residual" paper share interests and whether a time limitation ought to be imposed for the identification of untraced Ultimate Beneficial Owners (UBOs); andintermediaries ought to have an obligation, as a condition of participation in the cleaning and settlement system, to put in location common technology that allows them to react to UBO demands from companies within a very short time frame.

ANSR July UK PRs

Digitisation would target noted business with a view to minimizing expenses and waste, and simplifying investor interaction. The report proposes extra steps to guarantee that UBOs within the intermediated securities chain would have the ability to work out investor rights that are currently just guaranteed for registered investors, as well as steps to boost communication in between business and UBOs.