The FCA has published issue 45 of its Market Watch newsletter.
In this issue of Market Watch, the FCA:
- reminds firms of their duties under the best execution rules. The FCA is currently undertaking a thematic review of best execution in different markets and has recently concluded analysis of firms offering transition management services. In the interim, the FCA updates the industry on some areas where firms may have mis-understood the requirements. The article in Market Watch is intended to remind firms of some of the provisions in the FCA Handbook and ESMA guidance on best execution; and
- gives an update on suspicious transaction reports (STRs). In an earlier Market Watch (issue 44), the FCA described its increased focus on the STR regime. The FCA reports that there has been a positive, proactive response from the industry to its visits, which are predominantly educational. The FCA sets out a table for STRs received by reported behaviour for 2013.
View Market Watch – issue 45, 10 February 2014