FSA to shake-up Listing Rules with IPR involvement

PR professionals are set to get a voice in the Financial Services Authority's Listing Rules review, which promises to be the biggest shake-up of publicly quoted company communications for decades.

The FSA has handed IPR president Jon Aarons a seat on one of four panels feeding suggestions into the review, which is set to update regulations governing firms listed on the London Stock Exchange.

Aarons will sit on the 'continuing obligations' panel focusing on listed company communications, such as the dissemination of price sensitive information, share buy-backs and general circulars.

He said his role would be to help ensure IPR members have a say in the future rules surrounding UK financial comms. It is expected the FSA's rule rethink will have major implications for the way in which City PR and IR shops operate.

'In light of the communications impact of the review, it is imperative that PR professionals have a voice in the debate,' said Aarons.

'Financial PR has a crucial role to play in maintaining London's reputation as Europe's financial capital, especially given the converging European regulatory framework and harmonisation of international accounting standards,' he added.

Leader, p10.

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