“So, I think what we're saying is that these changes mean greater investor risk and greater responsibility on investors to put, to hold companies to account, but ultimately it also means there’s greater opportunities, potentially, for investors, and in a way that perhaps there hasn't been before, because there will be a wider range of different types of issuers on our markets.”
In its proposals in December, the FCA kept the suggested change of a single listing category aimed at encouraging more companies to list in the UK.
The FCA also retained the idea of moving to a disclosure-based regime - one that puts sufficient information in the hands of investors, so they can influence company behaviour and decide how they want to invest.
The City watchdog is suggesting disclosures for significant transactions while keeping sponsor scrutiny of related party transactions, rather than the current mandatory votes.
At the time, the FCA said proposals could result in an increased possibility of failures, but the changes set out would better reflect the risk appetite the economy needs to achieve growth.
sonia.rach@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
