the ruling comes from up-on-high the mayor of London who does have some oversight over the city of london, and the transit of traders that utilise the market.

Gotta hit those eco numbers.

The Mayor of London doesn't have any power over the City of London Corporation. They are completely separate authorities.

The Corporation is essentially a unitary/borough-tier local authority, overseeing the "square mile" centre of the city, and has a council of elected councilmen. It provides housing, education, social services, street cleaning, markets etc for a small area of central London, and has existed since time immemorial.

The Mayor's remit, which has only existed since the year 2000, covers the whole 600-square mile area of Greater London, and provides strategic services like transport, strategic planning, fire and rescue, and the metropolitan police.

The Mayor of London wouldn't have had any involvement in this at all.