In June this year, the Government announced the formation of the Fair and Effective Markets Review. Yesterday, based on the review's first set of recommendations (available here, pdf), the Government launched a consultation on proposals to extend the regulatory regime recently introduced for LIBOR to other financial benchmarks: see here. Included with the consultation is a draft statutory instrument - The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. X) Order 2014 - a copy of which is available here (pdf).
Friday 26 September 2014
UK: extending the regulation of financial benchmarks - consultation published
In June this year, the Government announced the formation of the Fair and Effective Markets Review. Yesterday, based on the review's first set of recommendations (available here, pdf), the Government launched a consultation on proposals to extend the regulatory regime recently introduced for LIBOR to other financial benchmarks: see here. Included with the consultation is a draft statutory instrument - The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. X) Order 2014 - a copy of which is available here (pdf).
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