City fears new listing rules

first_img GOVERNMENT proposals to place the UK Listing Authority (UKLA) under the control of the Financial Reporting Council (FRC) rather than the Consumer Protection and Markets Authority (CMPA) are causing concern in the City, with some warning that the new system will make London less competitive.The London Stock Exchange (LSE) is believed to be lobbying for a change to the proposals, published at the end of July as part of the Treasury’s consultation for a new regulatory structure for the City. The LSE has already published a briefing note, seen by City A.M., which makes the case for the UKLA to be part of the CPMA. Among the concerns outlined is a fear that the FRC will be unable to influence the newly created European Securities and Markets Authority (ESMA). Each European member state is allocated a single seat on the regulatory body, which will have responsibility for regulating listed markets across the EU. There are also fears that putting the UKLA into the FRC will create conflicting rules for primary and secondary markets.One City insider suggested the proposals would lead to a more complex regulatory structure than the existing one potentially damaging London’s competitiveness as a financial capital. James Palmer, head of global corporate markets at Herbert Smith, said the proposals were creating widespread concern. “While we see some areas of connection between the FRC and UKLA, the overwhelmingly stronger connections are between the UKLA and its role as primary market regulator and the CPMA,” he said. City fears new listing rules Sunday 12 September 2010 11:19 pm KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp whatsapp Tags: NULLlast_img read more

ENL Limited (ENL.mu) HY2019 Interim Report

first_imgENL Limited (ENL.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2019 interim results for the half year.For more information about ENL Limited (ENL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the ENL Limited (ENL.mu) company page on AfricanFinancials.Document: ENL Limited (ENL.mu)  2019 interim results for the half year.Company ProfileENL Limited is a diversified conglomerate engaged in sustainable value creation in the following sectors: real estate, hospitality, agro-industry, commerce, logistics and fintech. Operations are driven by its main subsidiaries, namely, Rogers, ENL Property and ENL Agri. The Company also holds sizeable stakes in Eclosia and New Mauritius Hotels ENL Limited is listed on the Stock Exchange of Mauritius.last_img read more