UK FCA removes regime covering off-exchange bond, derivatives trading
( November 28, 2025, 16:31 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has confirmed plans to remove the Systematic Internaliser regime for bonds, derivatives, structured finance products and emission allowances, following industry consultation. The regime covers investment firms that regularly trade on their own account when handling client orders outside official trading venues, and it requires them to meet specific transparency and conduct rules. The regime remains in place for equities. The new rules take effect on Dec. 1.Policy statement is attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.