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Does this apply to the City of London[0]? My understanding is that it has its own rules with regards to transparency for example. [1] [0] https://en.wikipedia.
by skywal_l 3y ago
Does this apply to the City of London[0]? My understanding is that it has its own rules with regards to transparency for example. [1]
[0] https://en.wikipedia.org/wiki/City_of_London https://en.wikipedia.org/wiki/City_of_London
[1] https://platform-production.s3.amazonaws.com/therules-134-City_of_London_Campaign_FAQ.pdf https://platform-production.s3.amazonaws.com/therules-134-Ci...
EDIT: Added a reference.
- alexchamberlain 3y agoNot sure exactly what you're referring to. There are additional rules if you're listed on the London Stock Exchange (both legal as a PLC and contractual with the exchange itself, if I understand it correctly), but that's not the City per se?
- flipbrad 3y agoAFAIK these are changes that apply to any company in the UK (whether or not theyre LSE-listed). This also wouldn't depend on whether they operate within the City of London.
- walthamstow 3y agoThe City isn't a seperate legal jurisdiction in this way. The Corporation of London has special rules regarding itself only, as a local authority. The City, as a place, hosts companies who offer services that can move your funds to seperate jurisdictions, but these companies are subject, AFAIK, to all England&Wales law. Lastly, the tax dodged in the City was often not going to the UK Exchequer anyway, usually it was diverted from the treasury of a developing country. We slap a fee on that work and call it an economy.