The company agreed to resolve the case at an early stage and qualified for a 30% discount on the penalty imposed. The original fine was £18.5 million.
Financial data
The UK's Office for Statistics Regulation has published an interim report into the ONS's performance.
Freeing up capital, increasing liquidity and shifting from reactive to proactive regulation were all identified as key to addressing ‘predictable volatility’.
The FCA proposal is limited in scope, focusing on a possible regulatory framework for a UK Consolidated Tape (CT) for bonds only.
UK consolidated tape back on the regulatory agenda with a study on the wholesale data market also launched.
Attempts to reform market microstructure include changes to the consolidated tape in the US and moves to enable the emergence of a consolidated tape in the EU and UK.