Two FCA consultation papers prepare for implementation of an equities CT in the UK and aim to improve accessibility and clarity of trade data.
Two FCA consultation papers prepare for implementation of an equities CT in the UK and aim to improve accessibility and clarity of trade data.
Backed by other small states, the duchy has thwarted the push for centralised supervision.
The regulator is also establishing a bond consolidated tape to ensure that the data is accessible cost-effectively.
The FCA’s conference, held in London on October 8, attracted speakers from the regulatory ecosystem and the banking and investment community.
The proposal includes a new RTS that converts current guidelines on the cost of market data into legal obligations.
The FCA proposal is limited in scope, focusing on a possible regulatory framework for a UK Consolidated Tape (CT) for bonds only.
Among the many topics covered were Reg BI, technology, bonds and equity market structure, including best execution, as well as digital assets and off-channel communications.
UK consolidated tape back on the regulatory agenda with a study on the wholesale data market also launched.