Regulations
By Pankaj K
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Interim Tool Already Running. While the full tape gets built, the FCA has rolled out what it's calling a market activity…
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Industry Backing, But Details Still Fuzzy. Support from the industry seems genuine. Executives from the Association for Financial Markets in…
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What the Consultation Covers. CP26/30 and CP26/31 together cover a wide range of transparency and structure questions.
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The FCA just moved fast. Britain's financial regulator dropped a package of equity market reforms, and the centerpiece is a consolidated tape for UK stocks — a single platform…
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The push comes from a real problem. UK equity markets are, by most accounts, pretty fragmented.
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The FCA didn't come to this cold. Back in June 2026, the regulator launched a bond consolidated tape, and that thing took off fast — over 1.6 million license subscriptions already.
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While the full tape gets built, the FCA has rolled out what it's calling a market activity reporter for shares. It's operational now.
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The regulator has also launched two formal consultations — CP26/30 and CP26/31 — covering market structure reforms and transparency improvements. Feedback closes October 16, 2026.
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One area the FCA is specifically asking about: what metrics should be used to track market performance going forward, and what tools should regulators have available if market…
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Support from the industry seems genuine. Executives from the Association for Financial Markets in Europe and the Investment Association both came out in favor of the proposals,…
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Read also: FCA Bans DPT Financial Solutions Adviser Daniel Thomas and Fines Him £742,700
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But it's still early. The FCA hasn't picked a tape provider yet, and won't until the consultation process wraps up and stakeholder feedback gets digested.
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What's clear is the regulator sees this as part of something bigger. The equity tape isn't a standalone project — it's one piece of a broader effort to overhaul UK capital market…
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The market activity reporter for shares is already giving the FCA something to work with in the meantime.
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CP26/30 and CP26/31 together cover a wide range of transparency and structure questions. The FCA wants input on how the tape should work in practice, what data it needs to carry,…
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