The gist of the reform is to remove the choice a company has to make between two segments with differing standards.
Rather, companies would now have to oblige to a set of requirements first, and once that is done, they will be presented with a choice to branch off into different directions while also taking on more obligations and powers.
This all to make the interaction between shareholders and the companies stronger.
Last year, the FCA already took steps toward opening up the listings to a more varied landscape of companies by lowering free float levels.
