The chief executive of the Financial Conduct Authority, Nikhil Rathi, came out in defence of the UK’s listings regime after several companies decided to go public abroad over the last few weeks.
In his speech at the Global Investment Management Summit in London today (29 March), Rathi said some firms' recent decisions to list in other countries "flow from a shift in the geographic sources of revenues and future focus of the companies concerned". He took aim however, at the subsequent calls to relax the listings regime to attract more companies to go public in the UK. The FCA boss said implementing a few "regulatory levers" would not change the outcomes, and added the criticism of the system has only been brought up recently and it had never been a "priority area for public po...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
