Change in The Stock Exchange and regulation of the City

Quarterly Bulletin 1985 Q4
Published on 01 December 1985

This article surveys the changes that are in train in The Stock Exchange and in the regulation of the financial services industry, which together will transform the structure of the City.

By the end of 1986, The Stock Exchange will have abolished its minimum commissions scales and permitted 100% ownership of a member firm by a single non-member, and dual capacity trading systems will have been introduced in the gilt-edged and equity markets.

The Government is aiming to have a Financial Services Act on the statute book by end-1986, which would provide statutory backing for a comprehensive practitioner-based system of regulation for the financial services industry.

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