Ed Balls wants to keep AIM’s light touch

Ed Balls has launched a strong defence of the lighter regulatory regime of
market, following pressure from foreign exchanges to increase its

Balls, economic secretary to the
, argued that more AIM regulation would be a mistake, and the market’s
success bore testament to that.

It is understood that Balls has been heavily lobbied from foreign exchanges
looking for a change in AIM’s format, reported the Daily Telegraph.

‘When others argue that it is the UK which is making the mistake by allowing
an excessive light tough in our regulation, or specifically criticise the
regulation of the AIM market, I also disagree,’ Balls told the
City of London
last night.

Further reading:

Aim targets nominated advisers

Advisers get ready for policy shift
as LSE tightens regulation

New regulations target AIM

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