Alongside its "PLUS-quoted" market for growth companies, PLUS Markets Group plc has announced the launch of its new "PLUS-listed" market. The new market is a "regulated market", with issuers being required to comply with the FSA's Listing Rules, Prospectus Rules and the Disclosure and Transparency Rules. Applicants to PLUS-listed will be required to publish an approved prospectus.
The launch of this new market gives companies seeking a listing on the Official List maintained by the Financial Services Authority a choice of two UK markets, namely, the main market of the London Stock Exchange and the PLUS-listed market.
The launch of the new PLUS-listed market offers the prospect of increased competition between PLUS Markets Group plc and the London Stock Exchange plc, with each of them operating both a regulated market and a prescribed market.