Responding to the FCA’s proposed new rules to encourage companies to list in the UK and other market improvements, Miles Celic, Chief Executive Officer, said:
“This is a positive development. A more accessible, effective and competitive listing regime will help to enhance the UK’s attractiveness as a prime listing destination, and spur economic growth. Looking ahead, the industry is keen to continue its dialogue and cooperation with regulators and the government as the rules are refined and implemented. It will be, however, an ongoing process to ensure that the UK is a market of choice for businesses to list, invest and grow. More work will be needed in the years ahead.”
Annual cost of regulatory compliance to UK financial services sector exceeds £33.9bn
Our new report with PwC UK finds that UK financial services firms now spend over £33.9bn a year on regulatory compliance, highlighting the need for collective action to simplify and streamline the system.