Page 64 - 期貨和衍生品行業(yè)監管動(dòng)態(tài)(2024年4月)
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期貨和衍生品行業(yè)監管動(dòng)態(tài)
“The new Digital Securities Sandbox reshapes how we regulate by allowing
firms to test regulatory changes using real world situations before these changes are
made permanent. We hope this will be a more effective, collaborative and quicker
way of delivering regulatory change.
“The new sandbox also helps strengthen the UK’s leading position as a global
and vibrant financial centre, by driving adoption of new technologies for trading and
settling traditional assets, like bonds and equities.
“We continue to work with the Bank of England, government and industry to
harness new technologies while also protecting the integrity and cleanliness of UK
markets.”
Alongside the consultation paper, regulators have published:
? Draft guidance for firms looking to enter the DSS, including details of how
the Bank proposes to allow firms to scale their activities once authorised to
undertake live activity in the DSS. This approach is consistent with the
Bank’s commitment to the key objective of maintaining financial stability.
? A detailed breakdown of how existing regulations related to securities
depositories will be transposed into ‘Rules’ at different stages of the DSS.
Feedback on the consultation is open until 29 May 2024. Subject to feedback, the
regulators propose to publish final guidance for firms and open the DSS for
applications in Summer 2024.
Notes to editors
1. Digital Securities Sandbox joint Bank of England and FCA consultation paper
2. The proposals in this consultation paper follow Parliament’s adoption of the
Financial Services and Markets Act 2023, which gave HM Treasury the power to
legislate to create Financial Market Infrastructure (FMI) Sandboxes to be operated by
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