Page 48 - 期货和衍生品行业监管动态（2024年3月）

期货和衍生品行业监管动态

study, which examined competition in the markets for credit ratings data,
benchmarks and market data vendor services.

The regulator has ruled out a significant intervention because of potential

unintended consequences, such as on the availability and quality of data, in a market

relied upon by investors worldwide.

However, across all 3 markets, the FCA has identified areas where competition

does not work well. Users may be paying higher prices for the data they buy than if

competition was working more effectively.

The FCA will take forward ideas to help support wholesale data being available

on fair, reasonable and transparent terms as part of its work to ‘repeal and replace’

assimilated EU law.

Sheldon Mills, Executive Director of Consumers and Competition, said:

'The quality and availability of wholesale data is integral to well functioning

wholesale financial markets.

‘Our market study found that firms can access the data they need to make

effective investment decisions.

‘We do not believe the case has been made for significant interventions.

However, we will examine ways to help support wholesale data being provided on

fair, reasonable and transparent terms.’

The report is part of the FCA’s work to help strengthen the UK’s leading

position as a global and vibrant financial centre, by creating the right conditions for

investment, innovation and sustainable growth, built on globally respected high

standards.

The FCA will continue to consider allegations of anti-competitive conduct in all

markets including in wholesale data markets. The FCA has powers to tackle this

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