London Stock Exchange Group PLC is considering changing up rules to allow shares traded in foreign currencies to be eligible to join major UK indices, according to Bloomberg on Thursday.
Citing ‘people familiar with the matter’, Bloomberg reported that the owner of the London Stock Exchange is considering allowing its listings that aren’t traded in the pound to join the FTSE UK indices.
At present, only stocks traded in sterling can be included in the FTSE UK indices.
The sources said there is no certainty of the changes occurring.
Shares in LSEG were down 0.1% at 10,755.00 pence each in late trading on Friday.
The potential measure comes as London seeks to attract more listings, following a dry spell in terms of initial public offerings and as existing London listings opt to move to New York.
Other recent efforts to lure companies included abolishing the premium and standard listing segments, to provide a single entry point to the UK market.
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