UK: FSA quarterly consultation - sponsor regime changes proposed

In its July 2008 quarterly consultation the UK's Financial Services Authority outlined proposed changes to the FSA Handbook including the following changes to the Listing Rules with regard to the sponsor regime:

• Requiring an issuer to appoint a sponsor satisfying the requirement to be independent.
• Giving the UKLA the ability to require a sponsor to disclose information to the UKLA that it reasonably requires.
• Making the appointment of an independent sponsor an approval condition for a circular. 

For further information see:
Consultation paper | Newsletter | FSA Handbook | Listing Rules | Sponsors |