IA warns of 'unintended consequences' of FCA sovereign-run companies listing rules

Ahead of Saudi Aramco listing

Mike Sheen
Chief executive of the IA Chris Cummings

Chief executive of the IA Chris Cummings

The Investment Association (IA) has expressed its disappointment at the Financial Conduct Authority (FCA) rules published today (8 June) regarding the listing of sovereign-controlled companies, which the trade body said fail to protect investor interests.

The FCA pushed ahead with the controversial decision to loosen requirements for the listing of sovereign-controlled companies, in efforts to attract a London-based initial public offering (IPO) of the...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

AIC chief executive Richard Stone

AIC calls for prospectus reform to reduce 'complex and expensive' regulatory burden

Welcomes FCA listing rule changes

James Baxter-Derrington
clock 06 December 2021 • 2 min read
John Vail of Nikko Asset Management

Why Japan's CPI remains low while other economies grapple with inflation

Food and energy rises

John Vail
clock 02 December 2021 • 3 min read
Market uncertainty said to be possible reason behind low retail sales

UK retail fund sales sink to lowest level since September 2020

Investors in ‘wait and see’ mode in October

clock 02 December 2021 • 1 min read