Banks hail UK plan to pare scope of taxing pre-trade reporting

UK wants to exempt bonds and OTC derivatives from Mifid rules on pre-trade transparency

treasury and charts
The UK Treasury (pictured) is consulting on changes to the rules as part of a broader review montage

Dealers are cheering a UK Treasury proposal to exclude over-the-counter derivatives and bonds traded outside of electronic order book venues from rules requiring the publication of pre-trade quotes.

“Pre-trade transparency in OTC derivatives and the bond market has not seemed to bring much value,” says a regulatory expert at a European Union investment bank. “It does bring more of an administrative burden than anything else. I think from this standpoint, the moves that are being contemplated by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here