Opposition to the FSA's proposals to amend stock exchange listing rules for offshore companies has g...
Opposition to the FSA's proposals to amend stock exchange listing rules for offshore companies has gained momentum, with both the Financial Services Consumer Panel and theAssociation of Investment Companies (AIC) speaking out against the changes. The consultation, which has now closed, proposes to apply the European minimum directive criteria to offshore investment companies. This will allow them to list under "chapter 14", which provides for lighter regulation than that faced by UK-based companies listing under "chapter 15". The Consumer Panel claims the changes threaten to undermine...
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