HISTORIC PRESS RELEASE : EDX London becomes a recognised investment exchange [June 2003]

The press release issued by HM Treasury on 27 June 2003.

Chief Secretary Paul Boateng has today given the Financial Services Authority (FSA) leave under the Financial Services and Markets Act 2000 to recognise EDX London Limited as a recognised investment exchange.

The decision was taken after the Treasury received advice from the Director-General of Fair Trading which concluded that the rules of EDX London do not appear likely to restrict, distort or prevent competition to any significant extent.

Paul Boateng said

“EDX London is a welcome addition to the list of UK Recognised Investment Exchanges. It is further proof of the strength of the UK’s financial regulatory system and of London being one of the best places in the world to do business.”