MAR 9.2A Consolidated tape providers MAR 9.2B Operating requirements MAR 9.2C Financial resources requirements for consolidated tape providers MAR 9.2D Complaints concerning the performance of a CTP

The Financial Conduct Authority (FCA) has updated its Handbook to implement first provisions for the introduction of a UK consolidated tape (please see EventID 24578 in this context for more information).
Specifically, the FCA has inserted the following new Market Conduct Sourcebook provisions which will be effective on April 5, 2024:
– MAR 9.2A Consolidated tape providers
– MAR 9.2B Operating requirements
– MAR 9.2C Financial resources requirements for consolidated tape providers
– MAR 9.2D Complaints concerning the performance of a CTP
These provisions detail the FCA selection process for a consolidated tape provider, various operational requirements as described in detail in FCA Instrument 2023/42 (EventID 24665), the own funds requirements of a consolidated tape provider which must be at least sufficient to cover its operational and other risks and to facilitate an orderly wind-down – if so needed, and the complaints handling procedures that must be followed, including the engagement of an independent complaint investigator, if issues arise in relation to the performance of a CTP.