The open access regime for exchange traded derivatives will be scrapped in the UK but it will continue to support the regime for the equity and OTC derivatives markets.
Tag: HM Treasury
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.
Proposed reforms to the UK capital markets include the removal of the share trading obligation and the controversial double volume caps for dark trading.
The agreement follows months of stalemate in discussions between the two entities regarding UK-EU equivalence across the financial markets.
FCA, Bank of England and HM Treasury are investigating how firms will manage a widespread outbreak of coronavirus.