The London market strives to stay relevant

It is moving in a direction completely opposite of where Sebi has taken us

“The financial services sector is central to the UK economy, and at the heart of this government’s growth mission,” said Rachel Reeves, the UK’s new chancellor, on July 11. She was commenting on the UK’s Financial Conduct Authority (FCA) approving the biggest changes to its listing rules in over three decades, which take effect from July 29.  “These new rules represent a significant first step towards reinvigorating our capital markets, bringing the UK in line with international counterparts and ensuring we attract the most innovative companies to list here,” she added.

This shake-up of the regulations has