FSA bins plans for dual listing regime

The regulator provoked a storm of protest when it consulted last year on retaining a twin listing regime that effectively allowed overseas trusts an easier ride when meeting listing criteria. Among other considerations, the listing regime was reviewed in light of making it more attractive for trusts using alternative investment strategies, such as hedge funds and private equity, to list in the UK. But following a sustained campaign urging the FSA to reconsider, it now intends to introduce a single regime with the same regulatory conditions for UK and offshore investment trusts. The...