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UK financial market infrastructures consulted on introduction of 'fundamental rules'

( November 19, 2024, 11:56 GMT | Official Statement) -- MLex Summary: UK financial market infrastructures can provide feedback to the Bank of England's "Fundamental Rules" to regulate the sector until Feb. 19, 2025. FMIs supervised by the bank are central counterparties, central securities depositories, recognized payment systems operators, and specified service providers. The aim is to "increase transparency by clearly setting out the Bank’s expectations of FMIs and how it will act as FMI supervisor," the bank said in a statement.Statement follows, consultation paper and approach to supervision are attached....

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