Tag: Financial Conduct Authority

Following a flawed implementation of trade surveillance requirements, regulator found Citigroup Global Markets experienced gaps in its arrangements, systems, and procedures.

A discussion paper released by the Bank of England, Prudential Regulation Authority and the Financial Conduct Authority looks to combat financial stability concerns related to third-party service providers.

Incoming chair joins from the Securities and Futures Commission in Hong Kong where he has served as chief executive since 2011.

New addition brings 33 years’ experience in investment banking to the FCA, having served at BNP Paribas CIB, Deutsche Bank and NatWest Markets.

The committee consists of 20 senior individuals in firms active in financial markets, who are experts in how secondary markets function and how they are regulated.

The new rules are designed to offer a unified legal framework for crypto trading across Europe, “boosting the benefits and curbing the threats” of trading within these markets.

MiFID II amendments mirror some of the changes brought into force in the EU yesterday through the Quick Fix Directive, including the removal of best execution reports.

FCA makes digital asset custody and trade execution provider permanent member of its register.

Scrapping of MiFID II research requirements for small caps and best ex by FCA could pose risk to UK businesses also operating in the EU, says RegTech expert.

Financial Conduct Authority removes the requirement to submit RTS 27 and RTS 28 reports and exempts companies with a market cap of less than £200m from research payment rules.