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

Ahead of Saudi Aramco listing

Mike Sheen
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Chief executive of the IA Chris Cummings
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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...

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