FCA system failure throws Mifid data into doubt
Esma could be left with an incomplete list of instruments subject to reporting requirements
The UK’s Financial Conduct Authority has suspended the processing of market data due to a technical problem, less than two weeks after the submission of such data to national regulators became mandatory under the European Union’s new trading rules.
“The MDP [Market Data Processor system] has been temporarily suspended due to an issue with processing files. We have asked firms to hold file submission temporarily. Normal operation will be resumed as soon as possible,” an FCA spokesperson told Ris
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