This article appears courtesy of International Financial Law Review
The UK’s regulator is looking to shape the European debate on bond price transparency even before it begins, publishing a discussion paper on the controversial subject last month. The regulator is seeking the views of the UK industry ahead of a European requirement to consider extending disclosure rules for equities to the fixed income market.
The Financial Services Authority (FSA) paper asks whether rules in the EU Markets in Financial Instruments Directive (Mifid) on pre- and post-share trading price transparency should also apply to the bond markets.
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