"Enhancing the UK’s Financial Centre: FCA Announces Consolidated Tape and Further Reforms"

The FCA has announced a series of measures to help reinforce Britain’s position as a leading financial centre. To improve investor decisions, the FCA is proposing to set up a Consolidated Tape (CT) to provide low-cost trading data for Bond and Equity markets. The FCA aim to run a competitive tender process to appoint a single provider for Bonds. As well as this, the regulator plan to provide further reforms to increase Bond and Derivative transparency requirements in order to enhance the content and delivery. Alongside these larger changes, the FCA are also offering support for firms expanding into and across the UK with pre-application meetings and the possibility of having FCA speakers available for events and conferences. All of these measures are designed to provide certainty and support the thriving financial services sector in the UK.