FSA leaning towards single-listing regime for companies

Criticism of the current two-tier system looks to have changed regulator's mind

The FSA has taken a major step towards abandoning the two-tier listing regime it introduced last year for overseas investment companies. The authority said it has been persuaded by industry responses, with the majority backing a single-listing regime for all UK and overseas closed-ended investment funds. It will now consult again on the introduction of a single regime and plans to publish a separate paper on its findings later this year. Currently, overseas investment companies are able to list under either minimum EU standards laid out in so-called Chapter 14 rules or the more stringent...