Regulatory Alerts2026-07-30
Added
Policy Statement for the framework for a UK equity consolidated tape and next steps for delivery
The FCA finalizes the regulatory framework for a UK equity consolidated tape, mandating that the consolidated tape provider share a portion of its income with data contributors and include both post-trade and best bid and offer pre-trade data. Final rules apply to trading venues, Approved Publication Arrangements, and the consolidated tape provider, while consultation proposals require systematic internalizers to send pre-trade data to the tape. The regulator intends to commence the procurement process for a consolidated tape provider in early 2027, with the tape expected to begin operating in 2027 or early 2028.
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