Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
The period of suspension will include essential MiFID II calculations including DVCs, SI regime, and bond liquidity determination.
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
The FCA has outlined its approach to the share trading obligation and will maintain access to EU venues for UK market participants.
New and changing regulations, CME Group’s decision to exit regulatory reporting, and the pandemic were key reasons for transaction reporting failures.
Europe’s share trading obligation has proved controversial as the UK Brexit transition period is due to end on 31 December.
CFTC releases no-action letters offering further relief for clearing organisations during Libor transition
The two no-action letters will offer swap transaction and pricing data reporting relief to clearing organisations transitioning to SOFR.
The exchange's contingency plan will come only into play if equivalence decisions to allow cross-border services between the UK and the EU are not agreed upon.
A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.
The US Department of Justice, CFTC, and SEC confirmed parallel actions against JP Morgan resulting in a record penalty for the years-long spoofing and manipulation activity.