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.
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