FCA will not take against firms that do not produce RTS 27 reports for the rest of 2021 and will run a consultation on permanently abolishing the reporting requirement.
SDL report found that due to delays 40% of firms had not started planning or had only started planning for the transition in 2021, despite the upcoming December deadline.
The FCA found that there was a reduction in suspicious transaction and order reports (STORs) in 2020 due to conditions caused by the pandemic.
FCA has confirmed all Libor settings will cease immediately on 31 December for major currencies as firms are urged to complete transition plans.
FCA has changed the UK’s approach to the double volume caps following a shift of share trading from London to the EU after Brexit.
Sarah Pritchard joins the FCA as director of markets after five years with the National Economic Crime Centre as part of leadership shake-up by new chief executive Nikhil Rathi.
Analysis from the UK’s regulator has said that dark trading, which the EU has restricted under MiFID II rules, can reduce costs for investors.
Market share in European STO stocks for UK-based venues fell from 16% to 2.5% when looking at addressable and non-addressable liquidity, report from Liquidnet reveals.
Following a beta launch last year, Pragma said that the deep-learning algorithms had improved execution quality by 33%.
The temporary changes made by the UK watchdog were an attempt to prevent the catastrophic disruption of the $50 trillion derivatives market.