The Investment Management Association (IMA) has welcomed the news that the Financial Services Authority's (FSA) consultation paper on changes for the listing rules for companies in the UK.
Liz Murrall, Director of Corporate Governance and Reporting at the IMA, said the group is looking forward to engaging with the FSA on the changes to the rules.
"We are concerned about the recent relaxation of rules for companies admitted to the UK market, in particular the premium list, and the impact this has had on minority shareholder rights," Ms Murrall added.
She added that it is important the premium listing standard is of a high quality, so the group is looking forward to seeing whether any of the current systems need to be enhanced.
Last year, the IMA announced it was creating a Global Equity Income Sector, which came into force from January 1st 2012, with the move coming after a review which was carried out into the existing sectors that take income from non-UK equity.
©2008 fundsnet |