Responding to the FCA consultation on a new premium listing category for sovereign-controlled companies, Miles Celic, Chief Executive, TheCityUK, said,
The UK has one of the most competitive listing regimes in the world. This consultation gives a strong signal that UK regulators are not prepared to sit back and be complacent. It shows they will continue to make sure that the UK remains internationally competitive and at the forefront of global financial regulatory standards.
It is positive that our regulator takes an open-minded approach to regulatory change. This will become ever more critical as we come closer to Brexit and beyond. London enjoys a unique ecosystem of financial and related professional services which does not exist anywhere else in the world. This must continue to be supported by high quality, competitive regulation which is applied in a flexible and forward looking manner.