London Stock Exchange Launches Specialist Market

Law360, New York (August 3, 2007, 12:00 AM EDT) -- The London Stock Exchange announced on July 12 its plans to launch a new, lightly-regulated market for specialized investment entities as it competes with Euronext Amsterdam for the lucrative business of hosting permanent capital vehicles.

The Specialist Fund Market, expected to open to listings from November 2007, will be available to both U.K. and international funds, and will complement the U.K. Financial Services Authority’s proposed unitary regime for investment entities listing on the main market of the LSE.

The Specialist Fund Market is intended as a...
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