On March 3, 2021, the U.K. government published the report of the U.K. Listing Review, which was led by Lord Hill, formerly the U.K.’s European Commissioner. The recommendations will be subject to public consultation and development of detailed rules by the U.K.’s financial regulator, the Financial Conduct Authority. The recommendations could, if they are effected quickly, make the London Stock Exchange a more attractive listing venue for growth companies, financial sponsors looking to a potential IPO exit for their portfolio companies (and, indeed, anyone looking to IPO their business) and sponsors of SPACs.