UKLA endorsed by City as consultation winds up

first_img Share UKLA endorsed by City as consultation winds up whatsapp THE UK Listing Authority (UKLA) received backing from the City yesterday, just as the government consultation on its future closed.The Listing Authority Advisory Committee (LAAC), the body which represents the investment community in its dealings with the UKLA, said overall satisfaction with the authority had risen to 72 per cent compared to 69 per cent in 2007, when the survey was last held.The LAAC added 20 per cent of advisers said there had been an improvement in the UKLA’s effectiveness over the past three years. And the report found the UKLA performed well against all three of its objectives as set out by the Treasury. Andrew Tusa, chairman of LAAC, said the group was pleased the survey had shown the performance of the UKLA in a positive light.But Tusa said he was concerned that the UKLA’s good work could be undermined by government plans to merge it with governance body the Financial Reporting Council (FRC), as part of plans to reform Britain’s tripartite system of financial regulation.Most City bodies have already voiced their opposition to the merger. whatsapp KCS-content Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Tags: NULL Monday 18 October 2010 8:29 pmlast_img

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