Author: Karen Cooper

MiFID II: FCA consults on UK bond CTP and seeks views on UK equities CTP

In FCA consultation paper CP 23/15, the FCA sets out its proposals for a single UK consolidated tape which would collate post-trade transparency data for bond trades in one place. The framework for the UK bond CTP will be put in place by 2024. The FCA’s proposal sets out tender criteria which prospective CTP providers would need to meet, with the tender process set to run during 2024 and the chosen bond CTP becoming operational in 2025, only after relevant changes to UK non-equity transparency requirements have been put in place.