European venues maintain grip on EEA stocks post-Brexit, report finds
Latest liquidity landscape report from Liquidnet found that 74% of volumes in STO stocks took place on EMEA-based venues in January.
Latest liquidity landscape report from Liquidnet found that 74% of volumes in STO stocks took place on EMEA-based venues in January.
ISDA and the IIGCC have suggested the regulator reconsider labels used for sustainable products, including fewer binary distinctions, and taking a principles-based approach.
Two-pronged investigation will explore data access and fees, with a focus on whether limited competition in trading data is pushing up costs.
Financial Conduct Authority removes the requirement to submit RTS 27 and RTS 28 reports and exempts companies with a market cap of less than £200m from research payment rules.
A review of assessment of value reports flagged failures in meeting standards the FCA expects after a major market study in 2017 led to more stringent disclosures for funds.
A consultation has been opened that could see MiFID II requirements around research and best execution scrapped in the UK’s latest regulatory divergence from Europe.
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.