The Financial Conduct Authority has set out measures it claims will support growth of the UK’s bond, derivatives and asset management sectors.
New transparency rules for bonds and derivatives markets will, the FCA says, give investors more information and reduce costs for firms.
Under new proposals, asset managers for pooled investment funds will be given greater flexibility in how they pay for investment research, making it easier to buy insight and analysis across borders.
The measures form part of the FCA’s ongoing work strengthening wholesale markets, while ensuring investors have access to the right information to make decisions.
Jon Relleen, Director of Supervision, Policy and Competition at the FCA, said: “We want UK markets to be efficient and to support economic growth. Putting more information in the hands of investors and giving investment firms greater access to research to inform their strategies will bolster UK markets.
“We want to seize opportunities to enhance and streamline our rules and support the competitiveness of sectors in which the UK is already a recognised world leader.”
