FCA tables re-bundling to support more ‘flexible’ approach to research
The UK Financial Conduct Authority (FCA) has opened a consultation on research payment processes; proposed rules set to make it easier to buy research across borders.
The UK Financial Conduct Authority (FCA) has opened a consultation on research payment processes; proposed rules set to make it easier to buy research across borders.
The new regime is expected to last five years and is aimed at helping regulators design a better-informed, permanent technology regime for the digital securities market.
European Securities and Markets Authority (ESMA) does not expect to authorise a consolidated tape provider (CTP) for bonds until Q4 2025; Financial Conduct Authority (FCA) has effectively met its commitment to have a regime for a UK CT in place by 2024.
Currently “most” firms have not gotten into the habit of regular reviews and subsequent adjustments to their liquid asset levels in line with external market changes, said the regulator.
New instrument replaces existing EU law retained after Brexit; HM Treasury is accepting comments on the proposed new rules until 10 January 2024.
With consolidated tapes (CT) on the way and the market looking at increased transparency and competition, Claudia Preece delves into data access, cost, and risk in fixed income post-Brexit – does data hold the key to a healthier market?
Provider power is creating a dynamic in which asset managers and banks are on an unsustainable path - it will become economically un-viable, Substantive Research chief told the TRADE.
The regulator’s decision on how to define a multilateral trading facility follows the close of the consultation period last November.
AFME lists key considerations to take on board around the establishment of a UK consolidated tape as the FCA’s consultation period, set out in July, closes on Friday.
Newest communication follows watchdog’s findings in March that found competition in the wholesale data market lacking.