FCA has opened a consultation on competition in the markets for services provided by Recognised Investment Exchanges (RIEs). FCA proposes amendments to its REC sourcebook to cater for its new competition objective. Competition considerations will inform the process for recognising a firm as RIE, and RIEs will be required to disclose events affecting competition. FCA asks for comments by 31 January 2014. (Source: Competition in the Markets for Services Provided by an RIE: Proposed Amendments to REC)