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ARTICLE · 19 MAY 2014

FCA Publishes Policy Statement On New Rules On Competition For Exchanges

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The FCA published its final new rules on competition for recognized investment exchanges and recognized overseas investment exchanges.

United KingdomFinance and Banking
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On 2 May 2014, the FCA published its final new rules on competition for recognized investment exchanges ("RIEs") and recognized overseas investment exchanges ("ROIEs"). The rules will affect RIEs, ROIEs, users of the facilities of trading infrastructures and suppliers of services to the markets in which RIEs and ROIEs operate. The new rules set out how the FCA intends to exercise its powers to advance its competition objective and its duty to promote effective competition in the interests of consumers. The new rules come into effect on 2 June 2014.

The Policy Statement is available at: http://www.fca.org.uk/static/fca/documents/policy-statements/competition-in-markets-services-provided-recognised-investment-exchange.pdf.

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