FCA pursues annual ‘value for money’ assessment from buy-side
FCA enforces annual assessment despite concerns around sensitive information and the time frame having been raised.
Tag: Financial Conduct Authority
Interactive Brokers fined £1 million for market abuse failures
Online broker failed to submit any suspicious transaction reports on potential market abuse for a year.
FCA study highlights dark trading cap problems
Dark trading negatively affects the market at 11% and 17% of market turnover, yet MiFID II’s proposed dark pool caps are set at 4% and 8%.
Convicted ex-Schroders trader to pay £350k
Damian Clarke must pay fine within three months or face a further three years in prison.
FCA clarifies limits of MiFID II commission payments regime
FCA’s final rules on MiFID II revealed which services are considered execution-related and a relaxation of RPA management.
FCA to review liquidity management policies
Liquidity management highlighted as a focus for the UK regulator this year.
FCA considers regulating blockchain
UK authority outlines concerns with regulating blockchain technology within new consultation paper.
Buy-side to wait until deadline before implementing unbundling
Recent survey finds majority of buy-side firms will wait until MiFID II is launched before implementing unbundling.
FCA slams unbundling failures at buy-side firms
Regulator visited investment firms and found majority are failing to meet unbundling and dealing commission requirements.
Asset managers failing to oversee best execution, says FCA
FCA urges buy-side firms to implement strategies to ensure best execution is monitored efficiently.