Financial Conduct Authority values disclosure over ‘corporate behaviour’, says Nikhil Rathi
The UK’s top financial watchdog has opened the door to China’s fast-fashion group Shein joining the London Stock Exchange by saying its decisions on whether companies can list in the UK are based only on their disclosures — not “every aspect of their corporate behaviour”.
Rathi, who joined the FCA four years ago after running the London Stock Exchange for five years, said the agency planned several reforms to ease the burden of regulation and encourage greater risk appetite in the UK. These include changing the rules for providing advice on pensions, reducing the need to issue a prospectus for secondary share sales and adjusting how customer complaints about financial services are handled.
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