UK proposes powers to block London listings that pose security risks –

UK proposes powers to block London listings that pose security risks – fr

A man wearing a face mask walks past the London Stock Exchange Group building in the City of London’s financial district, as UK stocks collapse as investors fear the coronavirus outbreak could block the global economy , in London, Great Britain, March 9, 2020. REUTERS / Toby Melville

The UK is set to unveil stricter rules for companies listed on the London Stock Exchange, allowing companies to be blocked from listing for national security reasons, the Treasury Department said on Tuesday.

The ministry said it would launch a public consultation in the coming months as part of the plan.

“The UK’s reputation for clean and transparent markets makes it an attractive global financial center. We plan to bolster that by taking new, targeted power to block lists that pose a risk to national security, and we will launch a consultation to inform its design in the coming months, ”a Treasury spokesperson said in a statement. press release sent by email.

The statement comes after Finance Minister Rishi Sunak said earlier this year that Britain would modernize its enrollment rules to attract more high-growth companies and floods of blank checks. Read more

Earlier in March, Britain’s financial regulator, the Financial Conduct Authority, said Britain will use its absence of EU rules to regulate markets flexibly and make the City of London even more attractive to investors. global investors. Read more

Sunak’s decision to block London stock quotes for security reasons has previously been reported by the Financial Times.

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