Europe: A sheep in wolf’s clothing?

Author: | Published: 11 Dec 2013

The end of 2013 saw London's market regulator, the Financial Conduct Authority (FCA), release rules designed to enhance the effectiveness of the UK listing regime, and prevent majority shareholders from destroying a company's value.

Known as CP13/15, the FCA's response to its October 2012 consultation paper contains draft 'near final rules' for premium listed companies with controlling shareholders, and confirms the FCA's intention to go ahead with many of its previously-tabled proposals.

The tightening of the rules represents a clear backtracking from...