Following the split-cap scandal in 2001/02, the FSA implemented investment trust listing rules. These have since been deemed restrictive and the regulator is currently in consultation over a single set of listing regulations. But could these cause more economic damage than they prevent?
The Financial Services Authority is currently consulting over the UK's listing rules, the outcome of which could either support or deal a blow to the investment company universe. Today, the FSA is debating over the content of a single set of listing rules that will sit somewhere between the Chapter 14 and Chapter 15 regulations that exist conjointly today. But more on these later. Perhaps the best place to start explaining today's controversy would be at its roots which sprouted from the split capital trust scandal in 2001/02. The Split-Cap scandal One set of investments you will not fi...
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