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​FCA chief defends listing-rules revamp, admits to meeting Saudi Aramco

( October 13, 2017, 08:33 GMT | Official Statement) -- MLex Summary: Plans to water down listing rules for state-controlled companies floated in London won't weaken protections for investors, the chief executive of the Financial Conduct Authority has said. Andrew Bailey defended the proposals in a letter to the UK Parliament, in which he also admitted for the first time to meeting representatives of the Saudi Arabian Oil Company. Saudi Aramco is set to choose between London and New York for its initial public offering.The statement follows. The letter is attached....

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