AIC urges FSA offshore re-think

offshore investment companies to protect investors. The call came in response to FSA proposals to allow offshore investment companies to gain a full listing on the London Stock Exchange by a new route which bypasses 120 pages of regulation. Daniel Godfrey, director general of the AIC, said there are dangers of allowing some companies the prestige of a London listing without any of the necessary regulatory standards which protect investors’ interests. Godfrey said: “Nobody seems to have realised that, literally overnight, the FSA has removed, for companies who choose the new regime, the...