FSA urged to reconsider listing rule amendments

By Keren Holland The FSA has been urged to rethink proposals to amend the stock exchange listing rules for offshore investment companies, because of fears they will undermine investor protection. The Financial Services Consumer Panel and Association of Investment Companies (AIC) have spoken out about the changes, for which the consultation period closed last week. The regulator is proposing to allow overseas investment companies to list on the London Stock Exchange (LSE) under the European minimum directive criteria, or "chapter 14", which involves lighter regulatory obligations than UK...