Retail inclusion

Debt capital market (DCM) - bonds - denominations - retail - regulation - Financial Conduct Authority (FCA).

In the context of debt capital markets, retail inclusion means conditions in which relevant products are suitable for - and accessible by - retail investors.

Frustrating delay to retail inclusion

"Given the substantial benefits of retail inclusion to both issuer and investor, [the FCA's delay in implementing reforms] has been frustrating."

Michael Smith, Head of DCM at Winterflood Securities - The Treasurer online - December 2024.

See also

• Association of Corporate Treasurers (ACT)
• Bond
• Corporate bond
• Debt capital market (DCM)
• Denomination
• Dual disclosure standard (UK - FCA)
• Financial Conduct Authority (FCA)
• Inclusion
• Investor
• Issuer
• Low denomination bond (LDB)
• Order book for Retail Bonds (ORB)
• PRIIPs Regulation
• Regulation
• Retail
• Retail bond
• Wholesale bond

Other resources

• UK Debt Capital Market Reform & Retail Inclusion – where are we now? The Treasurer online - December 2024

• Engagement feedback on the new public offers and admissions to trading regime - Financial Conduct Authority (FCA) - December 2023

• Enabling broader access to the UK bond markets - Winterflood Securities - October 2023

• Opening up bond market will give corporates more flexibility - The Treasurer - September 2023

• Return of retail to bond markets on the cards - The Treasurer - August 2023

• Engagement paper - non-equity securities - FCA - May 2023