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UK watchdog to push ahead with new 'Aramco' listing category

Reuters  |  LONDON 

LONDON (Reuters) - Britain's markets watchdog said it will introduce a new premium listing category next month for sovereign-controlled companies, but with some changes following criticism that it was trying to help London win a possible Saudi Aramco listing."In July last year, the Financial Conduct Authority consulted on proposals aimed at encouraging such companies to choose the higher standards of premium listing, rather than standard listing," the watchdog said in a statement on Friday."The FCA thinks there is considerable benefit to investors if corporate issuers agree to meet these ...

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First Published: Fri, June 08 2018. 12:46 IST