FCA Likely to Review Consolidated Data in 2018

It is looking increasingly likely that no consolidated tape provider will be authorized by the time Mifid II comes into force Jan. 3; regulators call lack of authorized CTP an “ongoing issue.”

FCA's Stephen Hanks presents the regulatory address at a Waters Tech Mifid II event.
The FCA's Stephen Hanks at the WatersTechnology Mifid II event

“No one has come forward to volunteer to be that sort of data reporting service provider,” Stephen Hanks, manager of Mifid II coordination at the Financial Conduct Authority (FCA), told delegates at a WatersTechnology Mifid II discussion Oct. 25. “I’m not sure whether there are any [CTPs] in any other jurisdictions in Europe who have come forward.”

According to the legal definition outlined in Mifid II, CTPs are authorized under the regime to collect trade reports for specified financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Waters Wrap: GenAI and rising tides

As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.