Asset manager network slams 'polarising' FCA listings reform over loss of investor protections

Industry ‘has not been heard’

Cristian Angeloni
clock • 1 min read

The International Corporate Governance Network (ICGN) has criticised the Financial Conduct Authority’s overhaul of the UK listings regime, amid concerns it waters down investor protections.

The network, which represents firms managing around $77trn in assets, said it is "deeply concerned" by the loss of shareholder votes on significant and related party transactions and by the introduction of a two-tier system for share ownership. ICGN CEO Jen Sisson said investors had repeatedly expressed concerns over the changes, but the introduction of the new rules shows they "have not been heard". FCA introduces overhaul of UK listings regime to bolster stock markets "It is disappointing to see what feels like a polarising approach, pitting management and their advisers against ...

To continue reading this article...

Join Investment Week for free

  • 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