BoE-FCA MoU on FMI supervision confirmed effective for 2025/26

The Bank of England and FCA published their annual review of the MoU governing cooperation on supervision of financial market infrastructures, concluding arrangements remain effective.

The annual MoU review confirms continued joint oversight of FMIs by the Bank and FCA. No structural changes were announced, signalling stability in dual supervision arrangements for CCPs, CSDs and payment systems.

FMIs and their participants rely on coordinated UK supervision to avoid duplicative or conflicting requirements.

Confirms supervisory architecture for systemically important market infrastructure.

“The Bank of England has published a joint review with the FCA on how the MoU for financial market infrastructure is working. The authorities consulted FMIs and concluded that cooperation arrangements remain effective.”