The Financial Conduct Authority has provisionally opted not to make a market investigation reference (MIR) to the Competition and Markets Authority for any of the three markets it is reviewing as part of its wholesale data market study.
In an update published today (31 August), the FCA revealed four respondents had sought for the regulator to make an MIR in relation to the benchmarks, credit ratings data and market data vendor (MDV) services industries. FCA launches study to assess uncompetitive data markets These were German investment funds association BVI, UK financial markets data users association Information Providers User Group, a benchmarks provider and a financial data services consultancy firm. Benchmarks The respondents sought the MIR for benchmarks firms due to the consolidation of the market around ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
