UK stock exchange: your full guide 2023
The LSE had possibly its biggest restructuring throughout the 1980s. The distinction between jobbers and brokers was eliminated, and screen-based trading took the place of open outcry trading, thanks to a series of reforms that the Thatcher government called the “Big Bang.”
nowadays UK stock exchange completes the all-share acquisition of Refinitiv to create a leading global financial markets infrastructure and data provider.
UK stock exchange rules and regulations Securities
The Rules of the London Stock Exchange (“the rules”) apply to all LSE member companies, and they must be followed at all times.
In order to be ready for the introduction of the Markets in Financial Instruments Directive (MiFID or “the Directive”), the rules were completely modified in 2007.
The regulations were also when feasible made simpler to make them more approachable in the new Rulebook, which also brought them closer to the framework of the trading system.
With a few exceptions, all member firms must abide by the fundamental regulations, which cover membership categories, authorization, general suitability, and other standard criteria like notifications and trading records.
The fundamental guidelines are broken up into several sections, including:
1- Member firms
2- Member firm services
3- Compliance and enforcement
4- Fees and charges
5- Generally Accepted Practices
6- Systems and trading.
The general conduct regulations involve system testing, share price manipulation, and conduct and prohibited actions.
The regulations governing systems and trading apply to issues with member company systems, regulatory pauses, market conditions, when issued dealing, and conditional transactions.
UK stock exchange trading hours
There are no public hours for the London Stock Exchange. The UK Stock Exchange trading hours are from 8:00 am to 4:30 pm.
The old practice of open outcry on the stock exchange trading floor was replaced with electronic trading after deregulation, sometimes known as the “Big Bang,” in 1986.