Published by Global Banking & Finance Review®
Posted on June 10, 2025
1 min readLast updated: January 23, 2026
FCA chief Nikhil Rathi claims UK listing rules aren't driving firms from the London stock market, citing US capital and executive pay limits as factors.
LONDON (Reuters) -Britain's rules for firms listed on the stock market are not the reason for companies leaving the London exchange, the chief executive of the Financial Conduct Authority said on Tuesday, following fintech Wise announcing a move to the U.S. last week.
"I'm not hearing it's regulatory, I'm hearing its much wider," Nikhil Rathi told a hearing of lawmakers, when asked why companies were moving their listings elsewhere.
Instead, Rathi cited factors such as the bigger pool of capital in the United States, the low ownership of UK equities by pension funds and limits on executive pay.
(Reporting by Tommy Reggiori Wilkes, Editing by Lawrence White)
Nikhil Rathi stated that the exodus of companies from the London exchange is not due to regulatory issues but rather due to broader factors.
Rathi mentioned the larger pool of capital available in the United States, low ownership of UK equities by pension funds, and limits on executive pay as contributing factors.
Nikhil Rathi is the chief executive of the Financial Conduct Authority, the UK regulator overseeing financial markets.
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