FSA listing rules paper wins AIC support

The FSA's follow up consultation paper on the listing rules that apply to investment entities has wo...

The FSA’s follow up consultation paper on the listing rules that apply to investment entities has won support from the AIC. Daniel Godfrey, director general at the AIC, said the FSA has taken on board all of the substantive proposals made by the Association in response to the original consultation. That said, the regulator’s decision to allow a two tier system for investment companies is a real threat to the standards of investor protection for UK consumers, which have been developed in response to the split capital investment trust crisis of 2001-2003, he added. “In particular, we ar...