FCA: PS24/14: Improving transparency for bond and derivatives markets
05 Nov 2024 (UPDATED: 13 Mar 2026)
International
1 min read
Further to CP23/52, FCA sets out changes to the UK bond and derivative transparency regime. This paper also contains a DP on the future of systematic internalisers. Most of the rules will take effect on 1 December 2025. However, those relating to the application of pre-trade transparency to trading venues using voice and RFQ trading and the pre-trade transparency obligations for SIs in bond and derivatives will take effect on 31 March 2025. Responses to the DP on the future of the SI regime are required by 10 January 2025.