FSA urged to overhaul listing rules

Such a review could lead to significant commercial benefits for UK businesses and enhance the position of the City as an international financial centre. The recommendation is part of the AIC’s response to the FSA’s invitation for views on the dedicated investment company Listing Rules. The AIC supports the constructive way in which the FSA has approached reform of these rules and is particularly in favour of the shift towards principles-based regulation. Director general of the AIC, Daniel Godfrey, said: “The current review has seen the FSA adopt a new approach to rule making – focusing ...