Top Legislators Question FCA Over Aramco Listing Rules

The chairs of two UK parliament committees have approached the Financial Services Authority over a proposal to relax LSE listing rules in a bid to win the business of Saudi Arabia when it floats Aramco next year. Nicky Morgan, chair of the Treasury Select Committee, and Rachel Reeves, head of the Energy and Industrial Strategy Committee, wrote to the watchdog with a number of questions regarding whether FCA’s proposal for a consultation to look into a change of listing rules was in any way motivated by interest expressed by Aramco’s…

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