The Financial Conduct Authority has appointed new managers of its primary markets and trading venue policy teams – part of a senior reshuffle that has seen UK trading firms handed a new point of contact on wide-ranging changes to EU securities rules at a crucial juncture in the process.

Tom Springbett, who had been the FCA's manager for derivatives reform, has switched to cover trading venue policy and will become the point-person for UK trading firms on the revised Markets in Financial Instruments Directive, an FCA spokesman confirmed.