The Financial Conduct Authority (FCA) is proposing a complete "resequencing" of when investors get a prospectus and research on a company listing. Under the proposed rules put out to public consultation on Wednesday, the prospectus would be published before the "connected" research. Providers of independent research would also have access to the company's management before connected research is published. Woolard dismissed calls for a "light touch" regulatory approach to keep Britain competitive after Brexit, saying that strong standards and respected regulation gives people confidence in UK markets. Company research faces further upheaval next year under new EU rules that will force banks to charge fund managers an explicit price for research on securities.

Source: The Edge Markets March 01, 2017 09:18 UTC