FCA sets out its approach to the share trading obligation
Released 04 November 2020
The FCA has confirmed its approach to the share trading obligation (STO) at the end of the Brexit transition period, if mutual equivalence is not agreed.
The FCA will use the Temporary Transitional Power (TTP) to avoid disruption and allow firms to continue trading all shares on EU trading venues and systematic internalisers (SIs).
This use of the TTP means that UK market participants will continue to be able to access any EU trading venue from the end of the implementation period, providing the venue has ensured it has the relevant regulatory permissions.
Further information can be found at https://www.fca.org.uk/news/press-releases/fca-sets-out-its-approach-share-trading-obligation.