FCA prepares crackdown on inaccessible Mifid data

UK regulator says approved publication arrangements not observing spirit of the rules

Financial Conduct Authority

The UK Financial Conduct Authority is preparing to take action against firms publishing trade data that does not adhere strictly to new European Union financial market rules, Risk.net has learnt from three sources with knowledge of a private conference where the regulator flagged its intention.

“There has been concern expressed by the FCA – recently [in] public – that the data is not being made available in the way they envisaged. At a meeting they said they would be looking to crack down on

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