“The goal of regulation shouldn’t just be to step in when things go wrong, or respond to a crisis,” Rathi will say. “We want to deliberately create an environment that helps firms compete and grow.”
Rathi will confirm the FCA intends to let companies that are already listed raise a further 75% of their share capital without filing paperwork known as a prospectus. The watchdog also wants to make it easier for firms raising money to give forward-looking information to potential investors.
These comments echo proposals set out in July, which the FCA hopes will deliver a long-awaited boost to activity on the London stock markets.
London’s reputation as a listing destination has suffered as several firms — including CRH, Flutter Entertainment and Arm Holdings — opted for New York, which offers a deeper pool of investors.
