FCA proposes changes to OEIC listing requirements

The City regulator said its proposals would no longer require OEICs, which are the legal form that ETFs usually take, to apply for a premium listing, instead allowing them to apply only for a standard listing. Under the FCA's proposals, all OEICs, of which there are 11, that currently have a premium listing will automatically become standard listed when final rules come into force. This will also apply to ETFs. Future OEIC and ETF applications, meanwhile, will not have to seek a premium listing. Current OEIC listing requirements, the FCA noted, are "disproportionate because they presc...