N07/21 - Changes to market maker spreads (UKCP)

 1.         Stock Exchange Notice N06/20 increased the maximum spread floor for registered market makers from £0.03 to £10 for the four fixed interest securities trading on the Order Book for Retail Bonds ("ORB") in trading segment UKCP, trading sector UKC3.  These changes were made in light of market conditions at the time and took effect from Tuesday 24 March 2020.  As market conditions in these securities have now stabilised London Stock Exchange will reinstate the maximum spread floor for registered market makers in these securities to £0.03.

2.       These changes are being made in accordance with Rule 4102 of the Rules of the London Stock Exchange and will take effect from market open on Wednesday 24 February 2021. 

3.        Any queries on this Notice should be addressed to Market Supervision, UK Regulation, telephone +44 (0)20 7797 3666 (STX 33666) option 2. 

Liam Smith

Head of Market Supervision

This Stock Exchange Notice will be available on the website at:

https://www.londonstockexchange.com/resources/london-stock-exchange-notices.

Calls to London Stock Exchange plc may be recorded to enable London Stock Exchange to carry out its regulatory responsibilities