24 July 2016
Find out more

LSE to cut issuer fees following OFT probe

27 November 2003  |  4397 views  |  0 London Stock Exchange2

The London Stock Exchange (LSE) has agreed to cut the fees it charges companies for listing on the market following an investigation by the Office of Fair Trading.

The OFT's investigation, under the Financial Services and Markets Act 2000, was in response to the LSE's significant increase in issuer fees for the year 2002/3. It comes amid growing complaints among large investment banks about the pricing power wielded by monopolistic national exchanges.

The LSE has agreed to reduce its annual fees for issuers by more than 25% on average with effect from 1 April 2004. The OFT estimates that these price reductions will reverse most of the 2002/03 increase - bringing it down from around 85% to an increase of 35%. The LSE has also agreed not to raise main market annual fees significantly for a further two years.

The LSE has also undertaken to reduce its admission and annual fees on the small cap AIM market. In all, it is estimated that had these prices been in place in 2002/03 the LSE's revenue from charges would have been around £5.8m lower.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

LSE rejects Eurex and stays with LCH

LSE rejects Eurex and stays with LCH

25 November 2003  |  4159 views  |  0 comments
Competition watchdog probes London Stock Exchange fees

Competition watchdog probes London Stock Exchange fees

06 November 2003  |  2917 views  |  0 comments
LSE's Dutch trading service to undercut Euronext fees by 40%

LSE's Dutch trading service to undercut Euronext fees by 40%

22 October 2003  |  4208 views  |  0 comments
London Stock Exchange to launch Dutch trading service

London Stock Exchange to launch Dutch trading service

14 October 2003  |  3114 views  |  0 comments
London Stock Exchange sets go live date for new hybrid trading platform

London Stock Exchange sets go live date for new hybrid trading platform

08 October 2003  |  3502 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit VocaLink.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8327 views 14 comments | 32 tweets | 37 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7989 views 3 | 19 tweets | 7 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7943 views 0 | 14 tweets | 8 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
7933 views comments | 6 tweets | 3 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7655 views comments | 22 tweets | 28 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job