Update: FCA to unveil 'far-reaching' listings reforms before year-end

Treasury Select Committee hearing

Financial Conduct Authority CEO Nikhil Rathi revealed the regulator will soon introduce “far-reaching reforms” to create a more disclosure-based system for the UK listings regime.

At a Treasury Select Committee hearing on 12 December, Rathi told MPs the regulator would introduce reforms for the listing regime before Christmas.  "There is going to be more onus on disclosure and that will bring a degree of additional risk into the system, an increasing onus on stewardship of investors when they are making investment decisions and the ability to discern for themselves what the disclosures are telling them," he said. The CEO was also quizzed about concerns that the focus on cost disclosures for investment trusts could lead to them "double counting their costs", mak...