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ARTICLE · 03 SEPTEMBER 2025

BoE Policy Statement On Fundamental Rules For FMIs

Addleshaw Goddard
Addleshaw Goddard
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On 18 July 2025, the Bank of England published a policy statement on Fundamental Rules for Financial Market Infrastructures (FMIs). These rules, effective from 18 July 2026, outline the high-level outcomes...

United KingdomFinance and Banking
Tess Kelly
Tess Kelly
Stephen Fishbourne
Stephen Fishbourne
Aidan Coghlan
Aidan Coghlan
Julien Bacus
Julien Bacus
Pierre Mathé
Pierre Mathé

On 18 July 2025, the Bank of England published a policy statement on Fundamental Rules for Financial Market Infrastructures (FMIs). These rules, effective from 18 July 2026, outline the high-level outcomes FMIs must achieve in areas such as financial resources, operational resilience, and risk management. The policy is relevant for recognised UK Central Counterparties, recognised UK Central Securities Depositories, UK Recognised Payment System Operators and UK Specified Service Providers.

On 18 July 2025, the Bank of England published a policy statement on Fundamental Rules for Financial Market Infrastructures (FMIs). These rules, effective from 18 July 2026, outline the high-level outcomes FMIs must achieve in areas such as financial resources, operational resilience, and risk management. The policy aims to improve transparency and the effectiveness of the Bank's supervision, ensuring FMIs manage risks without compromising their own resilience. The rules mark the

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