The French bank will remain a systematic internaliser for equity and equity-like instruments.
The first publication of the calculation results is expected for 9 October 2025.
Most research budgets will become client-funded within the next two years.
The findings indicate a multi-year trend of increasing fines.
The regulator will consider all comments received by 16 October 2024.
On May 29, 94.55% of transactions were affirmed by the DTC cutoff time of 9:00PM ET on trade date.
The rules establish EU-level ‘consolidated tapes’ across assets.
Legislation includes mandatory contribution from trading venues, a single consolidator model real-time data.
Standardized credits can be created & distributed with full auditability through the transaction lifecycle.
