On 11 November 2021, the Bank of England (BoE) published a letter from its Deputy Governor, Financial Stability, Sir Jon Cunliffe, regarding the distribution of profits. In its June 2020 letter, the BoE expressed its concerns and stated that all regulated UK Financial Market Infrastructures and specified service providers, must discuss with the BoE in advance of making any distribution to shareholders. The BoE have now stated in their new update that these expectations are no longer necessary and have been removed with immediate effect.