Michael LewisThe FCA has published its latest Handbook Notice, which confirms updates relating to its new rules on the derivatives trading obligation (DTO) and post-trade risk reduction services.
The FCA has made updates to the relevant technical standard, and introduced a new chapter to MAR, amending the classes of secured overnight financing rate overnight index swaps (SOFR OIS) which are subject to the DTO. The instrument also establishes the new framework for exemptions from the DTO, and other obligations, for transactions arising from the use of post-trade risk reduction services. It comes into force from 30 June 2025.