BoE has published its proposed statutory statements of procedure in respect of its supervision of FMIs. The paper covers:
- the decision-making framework for giving decision notices and warning notices to recognised clearing houses (RCH) and qualifying parent undertakings (QPU); and
- the procedure for publishing decision notices about RCH and QPU.
BoE asks for comments by 30 September. (Source: BoE Sets Out FMI Supervision Principles)