UK FCA ETF Transaction Deferral

On Sep. 29, UK FCA issued final rules on ETF transaction deferral.

  • FCA issued final instrument on post-trade transparency deferral for ETF transactions.
  • Follows UK FCA Jun. 2023 quarterly consultation paper 40 (CP23/14), see #174715.
  • FCA 2023/36
  • UK FCA Board issued the Technical Standards (Markets in Financial Instruments Transparency) (No 2) Instrument 2023 (FCA 2023/36); in force Apr. 29, 2024.
  • FCA Board has made changes to the following technical standard: Commission Delegated Regulation (EU) 2017/587 (UK TS Reg 2017/587)
  • Instrument introduces a deferral for transactions in exchange traded funds (ETFs) priced at net asset value (NAV) to streamline post-trade transparency reporting and reduce operational burden; this means that trades in ETFs priced at NAV can be published after execution when the NAV is available.
  • Effectiveness
  • This instrument comes into force on Apr. 29, 2024; feedback is published in Chapter 3.

Regulators UK FCA
Entity Types CNSM; Depo; Exch; IA; Inv Co
Reference PR, HB112, 9/29/2023; Citation: FCA 2023/36; UK TS Reg 2017/587;
Functions Compliance; C-Suite; Financial; Legal; Operations; Suitability; Trading
Countries United Kingdom
Products Derivatives; ETFs; Fund Mgt; Securities
Regions EMEA
Rule Type Final
Rule Date 9/29/2023
Effective Date 4/29/2024
Rule Id 186350
Linked to Rule :174715
Reg. Last Update 9/29/2023
Report Section UK

Last substantive update on 10/02/2023