The The Financial Conduct Authority (FCA) will not take against firms that do not produce RTS 27 reports for the rest of 2021 and will run a consultation on permanently abolishing the reporting requirement.
The FCA confirmed in a statement that firms no longer need to produce RTS 27 best execution reports post-Brexit as data within them could be misleading.
The FCA is now in the process of preparing a consultation that will consider future requirements for firms to produce the reports and expects a decision to be made by the end of this year.
UK suspends RTS 27 reporting requirements for rest of the year (thetradenews.com)