FIA, along with the Association for Financial Markets in Europe and UK Finance, submitted comments about algorithmic trading policies to the Bank of England’s Prudential Regulatory Authority on May 4 in response to a recent consultation paper prior to issuance of a supervisory statement. FIA asked the PRA to clarify the policies in several areas, align its policies with other market integrity regulations, and reassess the timing of any policy changes given the proximity to MiFID II implementation.
