FCA to offer partly ‘rebundled’ research to support UK buy-side
Watchdog is introducing a new payment option which facilitates joint payments for third-party research and execution services, provided a firm meets requirements.
Tag: Financial Conduct Authority
Alasdair Haynes latest to join FCA panel aimed at fortifying the City
The panel will focus on the major macroeconomic and geopolitical landscape, the future regulatory regime, FCA transformation, crypto assets, ESG, diversity and inclusion and private markets.
Bank of England and FCA to launch joint Digital Securities Sandbox
The new regime is expected to last five years and is aimed at helping regulators design a better-informed, permanent technology regime for the digital securities market.
Data
FCA concludes data competition is not working but quells plans for further regulatory intervention by competition authority
Watchdog has concluded areas of wholesale market data competition are not working thanks to some firms undue “market power”.
Under the spotlight: The implications of the FCA’s proposed new oversight strategy for principal trading firms
The Financial Conduct Authority (FCA) has given firms until the end of the month to consider its recommendations; firms are not required to report their actions back to the regulator.
FCA’s consultation period for UK consolidated tape closes with market expressing key considerations ahead of its development
AFME lists key considerations to take on board around the establishment of a UK consolidated tape as the FCA’s consultation period, set out in July, closes on Friday.
FCA moves to consult with industry on UK consolidated tape model as back and forth continues
Latest development follows last week’s milestone agreement from European Council and Parliament to introduce a consolidated tape in the EU.
Derivatives
Carrot or stick? How the EU plans to reduce reliance on UK CCPs for derivatives clearing
Experts unpack the controversial proposal for active accounts on EU CCPs and what the outcome of the recent Memorandum of Understanding milestone could be.
FCA extends expiration deadline of synthetic US dollar Libor to September 2024
Synthetic US dollar Libor will run until 30 September 2024, however, the UK regulator stresses that firms should continue to actively transition away from Libor.
Citigroup’s international broker-dealer fined £12.6 million by FCA
Following a flawed implementation of trade surveillance requirements, regulator found Citigroup Global Markets experienced gaps in its arrangements, systems, and procedures.