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MPs scrutinise Rosneft's London listing 

The City watchdog has come under pressure to reconsider the legitimacy of Russian oil major Rosneft’s listing on the London Stock Exchange from Labour MP Stephen Kinnock.
In a letter to the Financial Conduct Authority boss Andrew Bailey, Mr Kinnock said: “When British institutions become targets of foreign aggression, our regulators have a duty to sharpen their scrutiny, and take firm action.”
He questioned whether the City watchdog had assessed “the legitimacy and legality of Rosneft’s position on the LSE, not least following the decision to suspend EN+”.
Last month the LSE said it would suspend trading in sanctions-hit energy giant EN+ but in a U-turn on June 1 the exchange said it would not suspend trading and would "monitor the situation and is in communication with the UK authorities".
Mr Kinnock also sought clarity on whether the FCA’s guidelines can respond “adequately” to international sanctions and whether it planned to discuss the matter with the Government.
MPs scrutinise Rosneft's London listing 

Stephen Kinnock has written to the FCA raising questions about Rosneft's London listing
Earlier this week, Labour MP Ian Austin published parliamentary questions asking the Government to comment on the listing of Rosneft, which counts BP as a major shareholder.
The steps come shortly after the Foreign Affairs Select Committee published a report recommending that the Government review the listing of Russian companies on the LSE.
An FCA spokesman said that it had received the letter and would respond to Mr Kinnock.
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