UK market integrity at risk from proposed equity tape rules, LSE chief says
( June 8, 2026, 13:51 GMT | Official Statement) -- MLex Summary: The chief of the London Stock Exchange has warned the Financial Conduct Authority against "playing fast and loose with market integrity" in a statement on the proposed rules for the UK equity consolidated tape. Julia Hoggett said the tape won't improve market transparency if some participants, such as Systematic Internalisers, are allowed to use it without contributing. It would be more prudent to start with a post-trade tape as it would give an authoritative view of daily market volume in each stock, she said. "If the FCA is not prepared to proceed with caution and protect market integrity, it may be essential to ask the government to step in instead," she said.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.