Simplifying the listing rules

Changes in the listing rules should give investment trusts the ability to improve offerings to their investors and allow different types of vehicle - including Reits - to list

The current review of the Listing Rules being conducted by the Financial Services Authority (FSA) is intended to create a simple regime which applies to different forms of investment entity - irrespective of investment policy or tax status. While, undoubtedly, a laudable goal, it is essential to ensure this sought after simplicity does not jeopardise the investment trust's distinct offering. Significant changes to the regulatory regime for investment companies are likely to result from the review, with principles-based regulation being favoured over prescriptive rules and a wider range of...