The FSA plans to revise listings
rules to protect minority shareholders, says Scott Knight
In November, the Financial Services Authority (FSA) issued draft
proposals for new Listing Rules to protect minority shareholders from
the influence of dominant shareholders. It sets out the circumstances
under which it would consider reducing the free float requirement
for a premium listing from the current 25% to potentially as low as
20%, albeit necessitating a beefing up of corporate governance as
a quid pro quo.
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