The FCA is putting in place temporary measures until the end of this year with respect to RTS 27 reports and 10% depreciation notifications as part of its spring consultation.
In an update on its website, the UK regulator confirmed that firms no longer need to produce RTS 27 best execution reports post-Brexit as data within them could be misleading.
Kaizen’s Senior Regulatory Reporting Specialist Chris Machin spoke to Best Execution about the decision, “Unfortunately the regime has been a non-starter from the inception of MiFID II.”
Read the article in full on the Best Execution website.
Read the FCA’s statement.