Norway's Sovereign Wealth Fund Raises Concerns Over UK IPO Rules

Norway's Sovereign Wealth Fund Raises Concerns Over UK IPO Rules

By
Gunnar Dahlgaard
1 min read

Norway’s $1.6 trillion sovereign wealth fund has expressed concern regarding the UK’s plan to simplify rules around public listings. The Financial Conduct Authority's proposal to lower corporate governance requirements is feared to undermine the market's reputation for robust investor protection. Carine Smith Ihenacho, chief governance and compliance officer at the fund, along with Elisa Cencig, head of policy engagement, highlighted these apprehensions in a letter dated March 22nd. The fund emphasized the potential impact on investor confidence and market credibility. This announcement brings attention to the complexities of balancing the facilitation of public listings with ensuring investor protection, posing challenges for regulators and market participants alike.

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