FCA's Rathi pushes for radical overhaul of stock exchange rules

LSE reforms

The Financial Conduct Authority chief executive Nikhil Rathi has voiced support for plans to radically overhaul the London Stock Exchange’s system of company listings.

During the annual Mansion House dinner on Monday (16 October), Rathi argued in favour of plans to merge the ‘premium' and ‘standard' segments of the bourse, in a bid to boost the UK's attractiveness for listings. "We see good support for merging premium and standard listing segments into a new, single segment, with no cliff edge and generous transition arrangements," he said.  FCA to consult on amending regimes for alternative fund managers and retail funds Other plans proposed by the FCA in May this year included scrapping the requirement for a shareholder vote and FCA approva...