Listing rules must balance commercial need with safeguards

The AIC's recent comments on changes to listing rules certainly created interesting headlines, refer...

The AIC's recent comments on changes to listing rules certainly created interesting headlines, referring to a gaping hole for the disreputable to exploit. And while consensus suggests the association's language might be on the provocative side, most of the investment trust industry is standing behind its trade body on this issue. In short, the AIC claims last year's changes to the regime have effectively created a two-tier system, with overseas investment firms able to list in London based on much less stringent requirements than UK counterparts. The so-called chapter 14 rules do not req...