Its looser listingstandards prompted an initial flurry of interest but have since delivered poor returns for investors unable to distinguish between hype and substance.
The committee found that government departments were avoiding their obligations to produce information to strict standards by listing them as "management information" or "administrative data" instead of as official statistics.
On the other hand, for small companies outside of New York and London, a secondary listing anywhere would be prohibitively expensive, especially if it means keeping two sets of books to satisfy differing accounting standards.