On 5 May 2021, HM Treasury provided an update on its review of the open access regime for exchange traded derivatives (ETDs) following the end of the transition period.

HM Treasury states that it has concluded that the open access regime for ETDs is not suitable in a UK-only context. The Government therefore intends to permanently remove the open access regime for ETDs when Parliamentary time allows. The decision has no bearing on the UK’s continued support for the open access regimes in equity and over-the-counter derivatives markets, which will continue to operate as normal.