On 3 March 2021, the review of the UK listing regime chaired by Lord Jonathan Hill published its recommendations to the Chancellor of the Exchequer, Rishi Sunak, on how the UK can enhance its position as an international destination for IPOs and improve the capital-raising process for companies seeking to list in London.

The recommendations comprise both immediate and longer-term steps, and include specific suggestions and broader areas for consideration with the aim of strengthening the UK’s capital markets. Lord Hill has said that the recommendations are reflective of the general consensus regarding the need for reform, and mark the start of a conversation around changes to the UK’s listing regime in order to respond to the necessity, and the opportunity, for reform.