Certain financial sector trade associations (including the ABI and the NAPF) have jointly produced introductory materials on securities lending. The materials include a guide setting out the key features of securities lending, its risks and the management of those risks. A checklist for lenders has also been published. These materials follow on from the Regulator's statement in January 2010 which set out its concern that trustees did not fully understand securities lending or the risks involved.

Action required: None, but the materials are useful for reference purposes.