MPs must ask stock exchange regulator why it failed to act on ENRC
When Financial Conduct Authority director David Lawton testifies to MPs tomorrow, he must explain how the regulator allowed a company facing serious corruption allegations to list in London and then depart while it was under criminal investigation.
ENRC delists from the London Stock Exchange today, following a buy-out by its founders. Despite calls by Global Witness to block the transaction, the FCA and its predecessor, the Financial Services Authority, failed to act. The Business, Innovation and Skills select committee should demand an explanation.