UK Listings Blocked On Security Grounds May Deter Cos.
By Najiyya Budaly (August 31, 2021, 3:11 PM BST) -- Government plans to block a company from fundraising in the U.K. if there are national security risks may push issuers to capital markets in countries that are less restrictive, an industry group has warned.
The British Private Equity and Venture Capital Association, the industry body for the sector, said on Friday that HM Treasury's proposals to hand the government powers to stop a company listing on the London Stock Exchange if it has concerns about its owner or operations could discourage issuers from floating on the U.K.'s capital markets.
The trade body, whose 700 members invested over £43 billion ($59 billion)...
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