The regulator said the move was designed to allow the stock market to run more smoothly. Ken Rushton, director of listings at the FSA, told the FT the rules needed to be fixed to allow standard practices, such as revealing chief executive candidates to shareholders.
The move is also designed to level the playing field between investors and analysts, in terms of the company information they have access to.
A consultation document is expected to be published in November.
But private sharholder group Proshare hit out at the proposals, saying they would disadvantage smaller investors.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements