UK:
FCA Publishes Policy Statement On New Rules On Competition For Exchanges
19 May 2014
Shearman & Sterling LLP
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On 2 May 2014, the FCA published its final new rules on
competition for recognized investment exchanges ("RIEs")
and recognized overseas investment exchanges ("ROIEs").
The rules will affect RIEs, ROIEs, users of the facilities of
trading infrastructures and suppliers of services to the markets in
which RIEs and ROIEs operate. The new rules set out how the FCA
intends to exercise its powers to advance its competition objective
and its duty to promote effective competition in the interests of
consumers. The new rules come into effect on 2 June 2014.
The Policy Statement is available at: http://www.fca.org.uk/static/fca/documents/policy-statements/competition-in-markets-services-provided-recognised-investment-exchange.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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