UK Lawmakers Warn Regulator Over Shein’s Alleged Bid to Soften Listing Rules

Date:

UK Lawmakers Warn Regulator Over Shein’s Alleged Bid to Soften Listing Rules

The logo of fast fashion e-commerce company Shein outside its office in Guangzhou, China, on June 11, 2024. Jade Gao/AFP via Getty Images

A UK parliamentary committee sounded the alarm on Thursday following allegations that fashion retailer Shein tried to push the country’s financial regulator to soften rules so the company could be listed on the London Stock Exchange.

In a letter to the Financial Conduct Authority (FCA), Business and Trade Committee Chair Liam Byrne said the committee would be “deeply concerned by any watering down of disclosure requirements, especially in cases involving potential violations of international human rights standards.”

spot_imgspot_imgspot_img

Share post:

More like this
Related

Honda Projects $15.7 Billion Loss as It Pivots Away From EVs

The company is also planning to cancel three EV...

Trump Admin Weighs Allowing Foreign Ships to Transport US Crude to Domestic Refiners

The oil tanks and the Bayway Refinery of Phillips...

How to Resolve Conflicts With Your Adviser

Dealing with a difference in opinion or approach can...

US, Russian Delegates Meet in Florida on Wednesday

U.S. special envoy Steve Witkoff (R) and U.S. President...