The market must proactively prepare for the hurdles presented by the upcoming bond and derivatives transparency regime launching in the UK on 1 December 2025, affirmed panellists speaking at the 2025 Fixed Income Leaders Summit (FILS) in Amsterdam.
The move will see the firm take on a £4.8 million contract to deliver the tape for a period of five years.
Following the taskforce report published on 6 February, the FCA is calling on the industry to engage and start planning as soon as possible.
Watchdog is introducing a new payment option which facilitates joint payments for third-party research and execution services, provided a firm meets requirements.
The panel will focus on the major macroeconomic and geopolitical landscape, the future regulatory regime, FCA transformation, crypto assets, ESG, diversity and inclusion and private markets.
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.
Watchdog has concluded areas of wholesale market data competition are not working thanks to some firms undue “market power”.
The Financial Conduct Authority (FCA) has given firms until the end of the month to consider its recommendations; firms are not required to report their actions back to the regulator.
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.
Latest development follows last week’s milestone agreement from European Council and Parliament to introduce a consolidated tape in the EU.