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Treasury chair presses FCA to justify ‘Aramco rules’

Proposed changes to the country's listing rules are widely seen as an attempt to woo the biggest IPO of all time

Nicky Morgan
Nicky Morgan Photo: Getty Images

The new chair of the influential Treasury Select Committee has asked the UK's top financial regulator to explain proposed changes to the country's listing rules, which have been widely seen as an attempt to woo the biggest IPO of all time.

The Financial Conduct Authority announced in July that it was planning to create a new premium listing category that would make it easier for state-owned companies to sell shares in the UK.

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