The Investment Management Association (IMA) welcomes the FSA's Consultation Paper on changes to the Listing Rules for UK companies and the United Kingdom Listing Authority (UKLA)'s consideration of improvements to premium listing standards.

Liz Murrall, Director of Corporate Governance and Reporting at the IMA, said:

"We look forward to engaging with the FSA on changes to the Listing Rules. We are concerned about the recent relaxation of rules for companies admitted to the UK market, in particular the premium list, and the impact this has had on minority shareholder rights.

"It is important that that the premium listing standard is of high quality, so we look forward to working with the UKLA on whether and how it should be enhanced."