On 18 June 2026, the Financial Conduct Authority (FCA) provided an update to its webpage in relation to establishing a bond consolidated tape.

Background

The FCA is establishing a consolidated tape (CT) for bonds to collate market data with the aim of providing a comprehensive picture of bond transactions, in order to strengthen UK bond markets by making them more transparent, efficient and liquid.

The FCA are also considering the design of a CT for equities, which will include shares and exchange-traded funds (ETFs).

Update

In May 2026, the FCA authorised Etrading Software Limited (ETS) as the UK bond consolidated tape provider (CTP). 

ETS is now ready to launch the UK Bond CT service on 22 June 2026, with all launch criteria agreed by the Bond CTP Board and the FCA having been met.