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UK financial watchdog intensifies scrutiny of battered gilts market-source

By:
Reuters
Updated: Oct 10, 2022, 11:36 GMT+00:00

LONDON (Reuters) - Trading platforms for UK government bonds and related markets must tell the Financial Conduct Authority in real-time about any big deterioration in market conditions, a source familiar with the regulator said on Monday.

FCA signage seen at their head offices in London

LONDON (Reuters) – Trading platforms for UK government bonds and related markets must tell the Financial Conduct Authority in real-time about any big deterioration in market conditions, a source familiar with the regulator said on Monday.

The FCA sent a letter to all venues operating gilts or related markets on Friday asking for “real-time notifications of significant deteriorations in market conditions”, the source said.

(Reporting by Huw Jones; Editing by Toby Chopra)

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