THETRADETECH DAILY THE OFFICIAL NEWSPAPER OF TRADETECH 2021
listing review .
More recently in March , the European Commission published amendments to MiFID II research rules and best execution reporting to offer relief to participants in the wake of the COVID-19 pandemic .
Under the changes , investors are permitted to bundle payments for research and execution provided that the research is on issuers with a market cap of less than € 1 billion over 36 months . Best execution reporting requirements were also temporarily suspended after the Commission labelled them as rarely read and too burdensome for market participants .
The UK Treasury ’ s consultation on scrapping
“ If we can capture the extraordinary potential of technology , we ’ ll cement the UK ’ s position as the world ’ s pre-eminent financial centre .”
RISHI SUNAK , UK CHANCELLOR OF THE EXCHEQUER the DVCs and the STO alongside other major capital market reforms are due to take this summer .
“ Our vision is for a more open , greener , and more technologically advanced financial services sector . The UK is already known for being at the forefront of innovation , but we need to go further ,” Sunak commented on the sweeping proposals .
“ The steps I ’ ve outlined today , to boost growing FinTechs , push the boundaries of digital finance and make our financial markets more efficient , will propel us forward . And if we can capture the extraordinary potential of technology , we ’ ll cement the UK ’ s position as the world ’ s pre-eminent financial centre .”
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