Baroness Vere of Norbiton, Treasury, has provided the following answer to your written parliamentary question (HL3164):
Question by Lord Alton of Liverpool:
To ask His Majesty’s Government, following reporting that Shein is considering listing on the London Stock Exchange, what steps they are taking to ensure that such listings do not violate the UK’s commitments to uphold the UN Guiding Principles on Business and Human Rights and International Labour Organization Conventions. (HL3164)
Tabled on: 11 March 2024
Answer:
Baroness Vere of Norbiton:
The Government does not comment on individual companies. Furthermore, a decision to apply for a listing is for an individual firm to make. It is then for the independent regulator, the Financial Conduct Authority, to decide whether a firm meets the requirements of the UK listings rules.
Date and time of answer: 25 Mar 2024 at 16:59.
