PS23/4: Improving equity secondary markets

The UK Financial Conduct Authority issued Policy Statement PS23/4 to implement final rules aimed at improving the functioning of UK equity secondary markets. The document details changes to market structure and conduct standards designed to enhance price discovery and liquidity for investors. These measures follow a consultation period that ran from July to September 2022 and were formally published in May 2023.

United Kingdom

Financial Conduct Authority

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Consultation opens

05/07/2022

Consultation closes

16/09/2022

Policy statement

03/05/2023

03/05/2023