In the news: Chris Machin speaks to Global Investor Group
The FCA confirmed it will remove the requirement for execution venues and firms to produce best execution reports and change the rules governing research provision to investment managers after a market consultation. Kaizen’s Chris Machin, Senior Regulatory Reporting Specialist, spoke to Global Investor Group on the matter.
“As is widely known in the industry, Best Execution reporting has never been fully utilised, was seldom reviewed, and was complex and time-consuming. The FCA’s announcement is not the biggest surprise but will be applauded by industry participants, reducing unnecessary regulation, complexity and ultimately the cost of maintaining and reporting for investment firms. It’s a big statement from the FCA and will be interesting to see what further divergence we see from them, as we head into 2022.”
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