A Brief Review of BMR Changes in the FCA Handbook

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BMR continues to develop its impact in the different industry sectors that rely on benchmarks, e.g., derivatives, capital markets, banking, etc., as well domestic regulations. In this article, we do not look at a particular instrument or finance industry but strictly at recent regulatory changes in the United Kingdom. Although the changes are not major and do not impact the trading or negotiation of derivatives or loan facilities, it is important to monitor them and track where we are in terms of BMR implantation. This article briefly highlights the main points.