Press Release
Friday 27 January 2012
IMA WELCOMES MOVES TO ENHANCE THE PREMIUM LISTING STANDARD
The Investment Management Association (IMA) welcomes the FSA’s Consultation Paper on changes to the Listing Rules for UK companies and the United Kingdom Listing Authority (UKLA)’s consideration of improvements to premium listing standards.
Liz Murrall, Director of Corporate Governance and Reporting at the IMA, said:
“We look forward to engaging with the FSA on changes to the Listing Rules. We are concerned about the recent relaxation of rules for companies admitted to the UK market, in particular the premium list, and the impact this has had on minority shareholder rights.
“It is important that that the premium listing standard is of high quality, so we look forward to working with the UKLA on whether and how it should be enhanced.”
-ENDS-
For further information please contact:
Clare Murphy-McGreevey, Media Relations Manager, IMA, 020 7831 0898 or 07843 517618
Mona Patel, Head of Communications, IMA, 020 7831 0898 or 07834 089332
Email: press@investmentuk.org
About the Investment Management Association
The IMA is the trade body for the UK's £4 trillion asset management industry. The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs. Our purpose is to support and promote a commercially successful and growing UK investment management industry as we seek to improve the financial outcomes for customers - savers and investors.
www.investmentuk.org