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
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.