FSA criticised for offshore LSE listing decision

The FSA's decision to allow offshore investment companies to gain a full listing on the LSE has come...

The FSA’s decision to allow offshore investment companies to gain a full listing on the LSE has come under fire from the AIC. In October, the regulator announced overseas investment companies could now list on the LSE without complying with an estimated 120 pages of the UK Listing Rules. Instead, an overseas investment company would only need to comply with the minimum rules and standards set by European legislation. Daniel Godfrey, director general at the AIC, said there are dangers in allowing some companies a full London listing without any of the necessary regulatory standards. Th...