UK:
Bank Of England Launches Public Register For The UK Money Markets Code
03 October 2018
Shearman & Sterling LLP
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On September 17, 2018, the Bank of England announced that its
Money Markets Committee has launched a public register to display
the statements of commitment from market participants that have
agreed to abide by the U.K. Money Markets Code and would like their
statements to be included on the register. The public register is
accessible via a dedicated BoE webpage.
The Code is a voluntary industry code launched in April 2017,
written by market participants. It sets out best practice expected
from participants in the deposit, repo and securities lending
markets and incorporates revised relevant sections of the
Non-Investment Products Code, and also a revision and update of the
Gilt Repo Code and Securities Borrowing and Lending Code.
The public register is available at:
https://www.bankofengland.co.uk/markets/money-markets-committee-and-uk-money-markets-code/public-register
and the Money Markets Code is available at:
https://www.bankofengland.co.uk/-/media/boe/files/markets/money-markets-committee/uk-money-markets-code.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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