The House of Commons Treasury committee said in 2019 that the listing was a āclear example of the risks inherent in the governmentās fragmented approach to sanctions design and implementation.ā
Decisions over the eligibility of companies to list on the LSE are currently made by an arm of the Financial Conduct Authority, but under Sunakās plans, some potential listings could be referred to the National Security Council.
āThe U.K.ās reputation for clean, transparent markets makes it an attractive global financial center,ā the Treasury said in a statement. āWe are planning to bolster this by taking a targeted new power to block listings that pose a national security threat.ā
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