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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-07-17T17:53:00
The U.K. Financial Conduct Authority (FCA) is revamping the London Stock Exchange (LSE) rules, but more changes may be needed to achieve growth and attract initial public offers (IPOs), experts said.
In a bid to create more business, the LSE is about to implement the most significant rule changes in 30 years. The FCA published a simplified listings regime that replaces the existing premium and standard categories with a single category, which will go into force July 29.
The FCA promised the new regime “ensures investors will have the information they need to make decisions about their money, while maintaining appropriate investor protections,” according to a press release issued Thursday. However, the U.K. financial regulator admits that removing the requirement for shareholders to vote on “significant or related party transactions” and the introduction of more “flexibility around enhanced voting rights” will lead to greater risk.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-06-04T12:26:00Z By Neil Hodge
Plans in the United Kingdom to share Big Tech data with financial services firms could prompt other industry regulators to follow suit or result in “unintended consequences” that see Meta, Google, and others growing market share.
2024-04-24T15:05:00Z By Kyle Brasseur
The U.K. Financial Conduct Authority reemphasized its desire to work with Big Tech firms to examine how their data might be useful to the financial industry.
2024-04-23T19:29:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued new guidance on how to comply with its upcoming anti-greenwashing rule, which is set to take effect May 31.
2024-07-09T14:16:00Z By Aaron Nicodemus
The Treasury Department’s Office of the Comptroller of the Currency proposed a rule that would extend requirements for recovery plans to all banks with at least $100 billion in assets.
2024-07-02T19:43:00Z By Aaron Nicodemus
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
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