Investment Association urges FCA to retain shareholder protections in revamped listings regime

Feedback statement

The Investment Association has called on the Financial Conduct Authority to rethink the watering down of shareholder protections as part of its proposals to reform the UK listings regime.

In its feedback statement to the consultation, the trade body said it supports innovation and the addressing of the challenges faced by the UK equity markets "holistically", and that the proposed reforms strike a "good balance" between reducing costs and complexities for issuers and encouraging high-quality companies to list in the UK. However, its members have raised concerns over plans to scrap certain shareholder protections. More specifically, it highlighted three areas that may diminish investment managers' ability to deliver the "best possible investment outcomes for end investors"...