UK’s Sunak to propose powers to block London stock listings on security grounds – FT By Reuters
(Reuters) - UK Chancellor of the Exchequer Rishi Sunak is to set out plans for a tougher regime governing flotations on the London Stock Exchange, allowing listings of companies to be blocked on national security grounds as concerns mount about dirty money in British financial markets, the Financial Times reported on Tuesday. https://on.ft.com/34i692c Sunak will launch a consultation within the next fortnight setting out proposals, the report added, citing the Treasury. "The UK's reputation for clean, transparent markets makes it an attractive global financial centre. We are planning to bolster this by taking a targeted...
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