The UK's Financial Services Authority is proposing that competing information providers publish regulatory details about listed companies.
Michael Foot, managing director of the FSA, said: These proposals to open up the system to competition should benefit the UK equities markets by making information dissemination cheaper for the market as a whole.
Under the FSA's proposals, listed companies would be able to publish their regulatory announcements, including mergers, acquisitions, financial results or director-dealings, through a choice of FSA approved primary information providers (PIPs) who will disseminate the information to secondary news distributors.
By Janet Du Chenne
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.