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Pre-Budget Report
24 November 2008
A report to the Chancellor of the Exchequer by The Rights Issue Review Group
The Rights Issue Review Group was established by the Chancellor in the summer to review the equity capital raising process and recommend ways in which it could be made more efficient and more orderly.
The Government welcomes the report and agrees with the recommendations therein.
The following bodies are represented on the Rights Issue Review Group:
- Alternative Investment Management Association
- Association of British Insurers
- Barclays plc
- BP plc
- British Bankers Association
- Clifford Chance LLP
- Deutsche Bank AG
- Goldman Sachs
- Investment Management Association
- Legal & General Group plc
- Listing Authority Advisory Committee
- London Investment Banking Association
- Morgan Stanley
- N M Rothschild & Sons Ltd
- The Royal Bank of Scotland Group plc
- The Pre-Emption Group
- UBS AG
The UK authorities on the Group include:
- Bank of England
- HM Treasury
- Financial Services Authority
- Department for Business, Enterprise and Regulatory Reform
A report to the Chancellor of the Exchequer by The Rights Issue Review Group is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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