The Financial Services Authority has proposed changes to the requirements for companies to be listed in the UK, including a tightening of the rules around listings for companies managed offshore.
In a 173-page FSA consultation paper published today (26 January), the regulator states it needs to update its listing rules to recognise a new corporate structure, which involves the outsourcing of significant management functions to an offshore advisory firm.
In the paper the regulator outlines new listing rules that would make ‘externally managed companies’ ineligible for premium listing. Firms that use such a structure would still be eligible for standard listing.
Click here to read the full story : FT Adviser
