AIC heralds change to listing rules

The trade body described the proposals for further deregulation as “sensible and proportionate”. Daniel Godfrey,director general, AIC says it will allow new types of investment company to list in London for the first time and provide standards of investor protection more robust than those in competing locations. He says: “This enhances the UK’s attractiveness and should help to ensure London’s continuing pre-eminence as a market for investment companies. “This has been a long and, at times, difficult process. But the FSA’s willingness to engage with the investment company industry an...