Rishi Sunak is preparing to lay out plans to block companies from listing on the London Stock Exchange on national security grounds amid growing fears of businesses being backed by “dirty money”, it was reported last night. The chancellor plans to launch a consultation within two weeks, with proposals for stricter rules on flotations. SponsoredIn October The Times reported that the chancellor planned to take on new powers to block companies from listing in London. At present, the UK Listing Authority, which is part of the Financial Conduct Authority (FCA), is responsible for deciding what companies can list on the exchange. The Financial Times has reported that Sunak is seeking to enhance those powers by taking into account national security grounds, which would be

Source: The Times May 26, 2021 00:00 UTC