UK grants EU equivalence as Brexit transition period nears end
Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
The FCA has outlined its approach to the share trading obligation and will maintain access to EU venues for UK market participants.
The audio feed contained no inside information and no activity of concern or misconduct was identified by the FCA following the audio hack at the Bank of England.
Archax has become the first digital securities exchange in the UK to be regulated by the FCA, as well as receiving FCA crypto asset registration.
New digital sandbox from the FCA and City of London Corporation will look to support firms that are key to the recovery from the coronavirus pandemic.
The European Parliament has confirmed the open access regime will be delayed for a year due to the impact of the coronavirus pandemic.
Nikhil Rathi will lead the UK’s Financial Conduct Authority as CEO after six years with the London Stock Exchange.
ESMA and the FCA have urged trading venues and CCPs to prioritise continuity of their services as the open access regime comes into force in early July.
The Investment Association has written to the FCA and the Bank of England to confirm that asset managers want markets to remain open despite coronavirus volatility.
Market participants have been told that despite disruption, the transition away from Libor is still targeted for the end of 2021.