The Financial Services Commission (FSC) said Friday new strict regulations will be implemented in early August to curb "split listing" by conglomerates, in a bid to bolster the fiduciary duty of listed firms and interests of ordinary shareholders. Split listing, also referred to as duplicate listing, occurs when a core business division is spun off and listed separately, and has long been cited as one of the major reasons behind relatively low values for local stocks. Financial regulators have b