BoE has published FAQs relating to the extension of the settlement hours of CHAPS and CREST from 20 June. The FAQs provide information on the key changes taking place, preparation for firms to take ahead of the changes taking effect and the rationale for making the extension. BoE notes regulators have not identified any relevant regulatory deadlines for this year that firms should not already be aware of. In addition, FCA says the Client Assets Sourcebook (CASS) rules will still apply when the settlement day is extended so firms must allocate any client money received to an individual client promptly and, in any case, no later than 10 business days following its receipt. Finally BoE notes that the London Money Market Association and the Wholesale Market Brokers Association, responsible for overnight benchmarks, will revise their methodologies to reflect the changes as of 20 June. (Source: BoE updates CHAPS and CREST FAQs)