FCA relaxes best execution reporting requirements
By Lynn Strongin Dodds
April 1, 2020, Best Execution
The Financial Conduct Authority (FCA) has agreed to offer supervisory flexibility to traders of their best execution requirements during the current coronavirus crisis.
In a ‘Dear CEO’ letter to firms serving retail investors on its response to the COVID-19 pandemic, interim chief executive Christopher Woolard, said the U.K. regulator would not take any enforcement action against firms that do not publish the next reports as required on 1 April, as long as they do so no later than June 30.
