FCA Initiates a Consultation for Improving Transparency for Derivatives Market

Last month, the Financial Conduct Authority (FCA) in the UK announced a consultation for proposed changes to the bond and derivatives regime, aiming to improve the transparency for the markets.

The consultation opens from 20 Dec 2023 to 6 Mar 2024.

The FCA said the move is intended to improve the operation of the existing transparency regime and seek a better balance between supporting the ability of market participants to provide liquidity and providing better and more timely transparency to the market.

The consultation is not only for trading venues where bonds and derivatives can be traded and investment firms engaged in related transactions but also foreign firms engaged in investment services and activities in the UK and systematic internalizers of the full range of financial instruments.