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FCA prepares crackdown on inaccessible Mifid data

UK regulator says approved publication arrangements not observing spirit of the rules

fca-building
The FCA's London headquarters

The UK Financial Conduct Authority is preparing to take action against firms publishing trade data that does not adhere strictly to new European Union financial market rules, Central Banking’s sister publication Risk.net has learnt from three sources with knowledge of a private conference where the regulator flagged its intention.

“There has been concern expressed by the FCA – recently [in] public – that the data is not being made available in the way they envisaged. At a meeting they said they

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