Major UK stocks including Vodafone and Coca-Cola would have to be traded within the EU in ‘no-deal’ Brexit scenario under the share trading obligation.
The FCA hands UBS largest MiFID transaction reporting fine to date after more than 130 million reports were found to be inaccurate.
Andrew Bailey told delegates at an event this week that the unbundling of commissions and research payments has been positive for the industry so far.
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
The latest set of rules introduced by the FCA come in response to its extensive asset management study which raised concerns about fund fees.
Technology outages reported to the FCA has surged 138%, with 18% of those incidents being cyber-related.
Andrew Bailey states UK regulator is well-positioned to handle Brexit outcome, but cross-authority coordination is vital to minimise disruption to the industry.
Linear Investments maintains there were no instances of market abuse that went undetected or unreported.
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
Crypto assets and distributed-ledger technology take centre stage in the fourth round of the FCA’s regulatory sandbox.