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.”
“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
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