ARTICLE
3 October 2018

Bank Of England Launches Public Register For The UK Money Markets Code

SS
Shearman & Sterling LLP

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On September 17, 2018, the Bank of England announced that its Money Markets Committee has launched a public register to display the statements of commitment ...
UK Finance and Banking
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On September 17, 2018, the Bank of England announced that its Money Markets Committee has launched a public register to display the statements of commitment from market participants that have agreed to abide by the U.K. Money Markets Code and would like their statements to be included on the register. The public register is accessible via a dedicated BoE webpage.

The Code is a voluntary industry code launched in April 2017, written by market participants. It sets out best practice expected from participants in the deposit, repo and securities lending markets and incorporates revised relevant sections of the Non-Investment Products Code, and also a revision and update of the Gilt Repo Code and Securities Borrowing and Lending Code.

The public register is available at: https://www.bankofengland.co.uk/markets/money-markets-committee-and-uk-money-markets-code/public-register and the Money Markets Code is available at: https://www.bankofengland.co.uk/-/media/boe/files/markets/money-markets-committee/uk-money-markets-code.pdf.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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