The FSA is to revise the UK Listing Rules, it announced, the first review of the Rules since 1993.
Proposals for reforms were published in a consultation paper, but will not take effect until the summer of 2005.
Proposals contained within the consultation paper include international companies being required to conform to the same Rules as UK companies, and giving the FSA the power to disqualify directors who have been involved in a serious breach of the Listing Rules.
Other proposals include a more flexible approach to the presentation of financial information, and giving shareholders the right to veto de-listings.
The consultation period ends on 31 January 2004.
