Overseas companies listing in London in future may have to comply with UK corporate governance standards or explain in detail why they do not under proposals put forward in a new discussion paper from the Financial Services Authority .
The FSA is seeking industry comment on whether they companies claiming a "London listing" should have to comply with the UK Combined Code for corporate governance.
"A UK listing is often seen as symbolising a distinctive set of standards, separate from those attaching to other 'listed' markets elsewhere in Europe, and to 'non-listed' markets, " the FSA said.
At present, overseas companies are only required to state their compliance with local corporate governance regimes and how it is different from the UK code.
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