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Published date: 26 July 2024

CP24/14** - Consultation on the derivatives trading obligation and post-trade risk reduction services

Open
Closing: 30 September 2024

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This consultation includes proposals on three distinct but interconnected aspects of the derivatives trading obligation (DTO).


CP24/14**

Why we are consulting

This consultation supports our commitment to strengthen the UK’s position in wholesale markets, as outlined in our Business Plan.

Our proposals aim to improve the UK’s regulation of secondary markets, reduce systemic risk in derivatives markets and avoid fragmentation and disruption for firms trading over-the-counter (OTC) derivatives subject to the DTO.

Who this applies to

This consultation will primarily be of interest to: 

  • Providers of post-trade risk reduction services

  • Trading venues which admit to trading or trade derivatives

  • Investment firms and banks dealing in derivatives 

  • UK branches of overseas firms undertaking investment services and activities

Our proposals will also interest Approved Publication Arrangements (APAs), central counterparties (CCPs), law firms