In line with the Financial Services Act 2012, the FCA and the Bank of England have reviewed the operation of their Memorandum of Understanding that sets out how they should co-operate with one another in relation to the supervision of markets and market infrastructure. Both authorities have concluded that the arrangements for co-operation remain effective, with appropriate co-ordination and no material duplication.

View Operation of the MoU with the Bank of England for market infrastructure – 2016 performance statement, 22 February 2017