On March 19, the FCA announced temporary measures with respect to RTS 27 reports and 10% depreciation notifications.
The FCA will not take action against firms who do not produce RTS 27 reports for the rest of 2021. They are also preparing a consultation of the RTS 27 reporting obligation with a view to removing it given concerns around the value the reports bring and the burden involved in producing them.
Similar to the consultation of the RTS 27 reporting requirements, the FCA are preparing to evaluate on the effectiveness of the 10% depreciation notification requirement. Consequently, they are extending the temporary measures on the requirement for firms to issue 10% depreciation notifications to investors (COBS 16A.4.3 UK) until the end of 2021.
FCA market watch 66 - Market conduct and transaction reporting issues
FCA statement on the operation of the MiFID markets regime post-Brexit
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