Regulatory Alerts2026-06-05
Bank of England and Financial Conduct Authority Memorandum of Understanding on the Supervision of Financial Market Infrastructure
The Bank of England and the Financial Conduct Authority issued this Memorandum of Understanding to establish a coordinated supervisory framework for UK financial market infrastructure, including trading platforms, clearing houses, and payment systems. It mandates proactive information exchange, early consultation on material regulatory actions, and joint crisis management to prevent conflicting oversight and reduce duplication for dual-regulated entities. Replacing the 2023 version, the document aligns statutory duties under the Financial Services and Markets Act 2000 and the Banking Act 2009 while instituting formal escalation protocols to resolve inter-agency disputes.
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