FSA: Regulator Reshuffle Will Increase Focus on MiFID's Data Implications

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The implementation of market data-related aspects of the European Commission's MiFID 2 review of the Markets in Financial Instruments Directive in UK firms will be overseen by a new UK-based financial regulatory agency with specific responsibility for overseeing competition in the market data industry, according to a briefing by UK regulator the Financial Services Authority at industry association FISD's recent London conference.

The new UK-based regulatory agencies that will replace the FSA

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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