AIC responds to new UK listing rules
The Association of Investment Companies (AIC) has commented on the FCA’s new UK Listing Rules published today.
The Association of Investment Companies (AIC) has commented on the FCA’s new UK Listing Rules published today.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “The new Listing Rules will add momentum to the drive to make the UK’s capital markets more competitive. The Chancellor’s endorsement of these rules confirms Labour’s ambition to champion the UK’s financial services industry. Public markets are essential to help mobilise private sector investment and kickstart economic growth.
“Investment companies rely on a thriving stock market and have an important role to play in funding growth. They invest in a broad range of assets from UK stocks and shares to infrastructure and private equity. The new Listing Rules support the competitiveness of investment companies, making it easier for them to undertake significant transactions and related party transactions.
“Today’s announcement should not be the end of the process. The next step must be for the FCA to fast-track prospectus reform, which will lower the cost of capital raising for UK-listed companies. The FCA needs to act swiftly on this to help accelerate economic growth.”
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- The Association of Investment Companies (AIC) represents a broad range of investment trusts and VCTs, collectively known as investment companies. The AIC’s vision is for closed-ended investment companies to be understood and considered by every investor. The AIC has 330 members and the industry has total assets of approximately £273 billion.
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