ICMA has responded to the UK FCA’s Consultation Paper on the Trading Venue Perimeter


24 November 2022 ICMA considers all regulatory perimeter requirements, for large or small firms, should be flexible and principles based, in order to continue supporting innovation in the UK. This will make it easier for all trading participants to access UK bond markets, resulting in the removal of potential barriers to entry. Furthermore, streamlining authorisation, where feasible, to make authorisation for new entrants as quick as possible, will be less costly for relevant entities involved. This logic extends to new ventures in existing trading venues, thus levelling the playing field. This ‘streamlined authorisation’ will facilitate overall UK competitiveness and innovation.

ICMA's response solely relates to trading of bonds in secondary markets and not primary markets.

Please click here to view the response.

ICMA Zurich
T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich

ICMA London
T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris
T: +33 1 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
info@icmagroup.org (general enquiries)
education@icmagroup.org (education enquiries)
sustainabilitybonds@icmagroup.org (sustainable finance)
Copyright © 2023 International Capital Market Association.