Foreword

From Galina Dimitrova

Foreword

As we reflect on the first three months of 2024, I am pleased to share our latest Investment and Capital Markets quarterly policy report. This report brings together and highlights the key achievements and areas of focus for the IA’s investment and capital markets activity over the past few months.

Access to market data is a key priority for our membership, and this report discusses a number of recent developments with regard to the creation of a consolidated tape and the FCA’s related consultation on payments to data providers, as well as the FCA's report on its Wholesale Data Market Study.

We also continue to actively engage in all relevant sustainability policy developments, including full support for our members with the implementation of the FCA's new Sustainability Disclosure Requirements (SDR) and investment labels regime, including the upcoming general anti-greenwashing rule, as well as developments in carbon pricing and sustainability reporting. Additionally, the IA also published our joint report with PwC on

lessons from the first round of reporting from asset management firms against the FCA's rules on TCFD for asset managers.

On the investment operations side, the transition to T+1 settlement has remained a key focus. The IA has been intensely working with members to support firms with the North American transition, which goes live on 28 May. We are also a member of the UK Accelerated Settlement Taskforce, which recently issued its report and recommendations and are closely engaging with the consideration of T+1 in Europe.

Further details on these and many other aspects of our work are covered in the following sections. We hope that members continue to find this policy report a useful resource and invite anyone keen to find out more to reach out to the team.

Galina Dimitrova
Director, Investment and Capital Markets

The Investment and Capital Markets hub page can be found here.