United Kingdom: Commodities/Derivatives/Stock Exchanges

The UK's Financial Conduct Authority issued a commitment decision involving 11 commodity futures traders, raising critical questions about when traders constitute separate undertakings under competition law and whether UK-based activity on predominantly non-UK exchanges falls within UK competition jurisdiction. The decision highlights significant risks for businesses operating in grey areas of competition law enforcement, particularly regarding trader independence and territorial scope.

The FCA has published Policy Statement PS26/15, “Improving the UK transaction reporting regime,” confirming its final rules following last year’s consultation CP25/32.

The UK Financial Conduct Authority has accepted binding commitments from 11 day traders following an investigation into suspected exchange of competitively sensitive information and coordination of trading strategies in commodity futures markets. The decision highlights critical compliance priorities for firms operating trading arcades and shared trading infrastructure, while leaving key legal questions deliberately unanswered. What does this enforcement action signal about the FCA's approach to antitrust e

The Financial Conduct Authority has doubled the clearing threshold for commodity derivatives under UK EMIR from EUR 3 billion to EUR 6 billion, effective immediately as of 29 May 2026.

The Financial Conduct Authority has confirmed a significant increase to the clearing threshold for commodity derivatives under UK EMIR, raising it to €6 billion from the original €3 billion level.

The UK's regulatory framework for bank operational resilience has evolved significantly, with new reporting requirements and insights emerging from the Financial Conduct Authority and Prudential Regulation Authority.

The conflict in Iran and rising gilt yields are creating unprecedented market volatility, requiring private capital managers, institutional asset managers, and pension schemes to urgently review...

Bonds are often used by governments to fund infrastructure projects or war spending.

The London Stock Exchange (LSE) has launched its Private Securities Market (PSM) – its PISCES platform – and published its Private Securities Market Rules (PSM Rules) and accompanying PSM Handbook via Market Notice N04/26.