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FCA confirms changes to UK equity markets transparency regime

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New timetable set for changes to the UK equity markets transparency regime. The new regime will also affect trading in non-equity instruments.

In PS23/4: Improving Equity Secondary Markets, the FCA has confirmed a range of targeted changes to the UK’s post-trade transparency regime, pre-trade transparency waivers and tick size regime for equity instruments that it consulted on in July 2022. The introduction of the new designated reporter (DR) regime will also affect trading in non-equity instruments. The