on the fsa

Last year, the FSA decided all investment companies that wanted to have the status of an official li...

Last year, the FSA decided all investment companies that wanted to have the status of an official listing on the London Stock Exchange would, in future, have to follow Chapter 15 of the Listing Rules. This regime has been radically altered over the last couple of years so that it now represents a very good balance between commercial flexibility and investor protection. Many of the old rules have been removed or simplified to make the London market an attractive place for newer types of investment company to do business. None more so than private equity and hedge funds. The decision to...