CPMI-IOSCO assesses that the United Kingdom has implemented the Principles for financial market infrastructures for two FMI types, but recommends some improvements
Why this matters
This is a published assessment report evaluating UK implementation of international financial market infrastructure standards (PFMI) as of September 2023. The report confirms broad compliance but identifies improvement areas in risk and governance principles for payment systems and securities settlement infrastructure. This is informational regulatory guidance with concrete findings rather than a new binding obligation, making it noteworthy but not urgent. The content directly supports Capital Markets and Payments sectors, and governance/prudential topics.
AI-generated classification rationale, not a full analysis. Verify with the original BIS source before acting. Full disclaimer.
What the BIS said
The UK's framework for systemically important payment systems and central securities depositories/securities settlement systems is complete and consistent with the CPMI-IOSCO Principles for financial market infrastructures (PFMI) in most aspects.
Published by BIS . Read the full notice at the source for the authoritative text.
Context
Bank for International Settlements (BIS) — Hosts the Basel Committee, whose capital and liquidity standards national regulators implement. We track 62 updates from them.
Global standard-setters whose frameworks are adopted into national regulation. Browse all International updates.
This update is classified under Prudential / Capital Requirements, Senior Managers / Governance, Capital Markets & Trading and Payments & E-Money.