She was commenting on the UK's Financial Conduct Authority (FCA) approving the biggest changes to its listing rules in over three decades, which take effect from July 29. "These new rules represent a significant first step towards reinvigorating our capital markets, bringing the UK in line with international counterparts and ensuring we attract the most innovative companies to list here," she added.
This shake-up of the regulations has long been in the making. The UK markets have been battered by global competition, and London risks losing its stature as one of the world's leading financial centres.
This move can be seen as similar to Securities and Exchange Board of India's (Sebi's) recent series of discussion papers directed towards "ease of doing business." However, the motivation is different. Sebi's move followed the 2023-24 Union Budget that tasked the financial sector regulator to review the existing regulators with the aim of simplifying, easing and reducing the cost of compliance. Nikhil Rathi, the FCA boss, indicated that refusing to overhaul the rules would risk the UK regime falling "increasingly out of step with those of other jurisdictions, making it less likely that companies eager to grow choose the UK as a place to list their shares."
هذه القصة مأخوذة من طبعة July 16, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 16, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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