Britain’s financial watchdog has proposed a shake-up of London’s stock market listing rules in an attempt to shore up the UK capital’s reputation as a financial centre. The move followed criticism by US regulators and warnings from several big British institutional investors about London’s corporate governance standards. The UK’s Financial Services Authority put forward two suggestions on Monday to clear up confusion over the plethora of rules for British listed companies, potentially creating a “premium brand” for the main list of the London Stock Exchange designed for companies that follow “gold-plated” regulations. The FSA scrapped earlier proposals to rename eight listing categories but suggested dividing listings into two tiers. Alternatively it suggested applying the “Official List” title to what are currently primary listings.

This entry was posted by Gwen Robinson on Tuesday, January 15th, 2008 at 5:49 and is filed under Capital markets. Tagged with fsa. Edit this entry.