British Regulator Easing Rules to Stem Company Outflow From UK Stock Markets

The London Stock Exchange Group offices are seen in the City of London, England, on Dec. 29, 2017. REUTERS/Toby Melville

Britain’s top financial regulator announced plans to make stock markets in the United Kingdom and its overseas territories more attractive to companies.

The Financial Conduct Authority (FCA) has discussed simplifying financial regulations to make the United Kingdom “more competitive” with foreign stock markets, but there are some concerns that the proposals could hurt shareholders’ rights.

The move comes after UK-based tech firm Arm and other companies decided to leave the London Stock Exchange (LSE) and only list its shares on the Nasdaq Index in New York.