UK Financial Watchdog Asks for Bond Tape Suspension to Be Lifted

UK Financial Watchdog Asks for Bond Tape Suspension to Be Lifted

The Financial Conduct Authority has applied to a London court for permission to lift the suspension on a major bond data initiative.

FCA Goes to Court on Bond Consolidated Tape Provider

We have filed an application with the High Court, asking it to lift the suspension on the bond consolidated tape contract award. If the High Court were to lift this suspension, it would allow the FCA to sign a contract with Etrading Software (ETS), so we can move forward with delivering the tape and defending the legal challenge in parallel. The tape will provide a single and reliable view of the UK bond market. It will enable investors to make …

FCA Seeks Court Approval to Advance Bond Transparency Project

The Financial Conduct Authority (FCA) has taken a significant step towards enhancing market transparency by filing an application with the UK’s High Court to lift a suspension on a contract it awarded for a bond consolidated tape. This move underscores the FCA’s commitment to improving market efficiency and accessibility, despite facing legal hurdles. The watchdog is seeking permission to sign a… Source

FCA asks High Court to lift suspension on bond consolidated tape award

The UK’s Financial Conduct Authority (FCA) has confirmed that it has filed an application with the High Court, requesting that the suspension on the bond consolidated tape contract award be lifted.Etrading Software was named the UK bond consolidated tape provider (CTP) by the regulator in early September, beating out three other bidders to win the contract.Specifically, the firm will take on a contract valued at £4.8 million including VAT to del…