FSA proposes changes to listing rules

Investment trusts and VCTs will have to spell out their individual approaches to risk in their annua...

Investment trusts and VCTs will have to spell out their individual approaches to risk in their annual report and accounts, under the FSA's proposed changes to listing rules. In a consultation paper on changes to the Listing Rules (LR) for investment entities and to the Listing Rules and Disclosure Rules to implement the Transparency Directive (TD) the FSA said groups should have sufficient working capital for 12 months and be required to state how they are achieving their objectives of spreading investment risk and to notify investors of any significant changes to risk profiles. Hector Sa...