The FCA has again delayed its publication of consolidated tape provider (CTP) tender documents.
At the end of 2024, the authority stated that the documents would be published by 31 January 2025. A notice was then issued explaining that this would be delayed to allow firms to gather the requisite information to take part in the process.
Tender documents are now expected to be released before 7 March.
It said: “Given this revised publication date, we will be cancelling the original Concession Notice and will conduct the procurement of a bond CT under the Procurement Act 2023.”
Once published, bidders for the tape will learn details of the appointment process, including how to participate and the documents and licenses they will need to apply. A draft contract between the FCA and the successful CTP will also be provided.
Vincent Grandjean, founder and CEO of Propellant Digital, which partners with Finbourne on the CTP-hopeful Bondtape, told The DESK: “We take note of the revised publication date for the FCA’s tender, maintaining the two-stage process. While timelines are important, ensuring the right outcome remains the priority. Today also marks the deadline for the first stage of the ESMA RFP process. The two parallel timelines mean that the second stage of the EU process could coincide with the first stage of the UK process. With selections likely in early summer on both sides of the Channel, participants will need to manage these overlapping timelines carefully.”
©Markets Media Europe 2025
