U.K. authorities set deadlines for move away from troubled benchmark
European authorities seek sound oversight for sector
U.K. regulators seek to enhance oversight and reduce burdens with data and technology
The rules now apply to an additional 47,000 firms
Regulators introduce proposed requirements to strengthen resilience in the financial sector
Comments on the proposals are sought by Feb. 28, 2020
Effective Jan. 1, "mini-bonds" cannot be marketed to retail investors in the U.K.
Retail investors allegedly paid fees for active management they did not receive
The regulator set out a series of proposals in a paper published Wednesday
Firm fined £15.4 million for its misconduct