The BoE said the consultation about its new Fundamental Rules represented its first use of new powers to make legally binding regulation
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The Bank of England said on Tuesday it was launching a consultation on proposed new rules for clearing houses, payment system operators and other financial market infrastructure in order to improve transparency.
The BoE said the consultation about its new Fundamental Rules represented its first use of new powers to make legally binding regulation for central counterparties and central securities depositories in Britain.
(Writing by William Schomberg; Editing by Sachin Ravikumar)
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