Author

Kara Heggs

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The UK’s Financial Conduct Authority (FCA) published a consultation paper on 13 July 2017 proposing the introduction of a new premium listing category for commercial companies with a sovereign country shareholder who controls 30% or more of its voting rights. The new category would effect a relaxation of certain aspects of the existing premium listing rules and is widely seen as London’s competitive response to the highly-anticipated IPO of 5% of Saudi Aramco. The deadline for responses is 13 October 2017.