The FICC Markets Standards Board (FMSB) have published the final version of their Statement of Good Practice on Information & Confidentiality.
The statement brings clarity to the complex issue of sharing information in Fixed Income and Commodities markets and dealing with confidential information within a firm. The paper brings forth nine Good Practice Statements that firms should consider. Read the statement here.
The FMSB was established in 2015 in response to the Fair and Effective Markets Review in the UK with a mandate to issue Standards designed to improve conduct and raise standards in the wholesale Fixed Income, Currencies and Commodities (“FICC”) markets. The FMSB work to build up a body of Standards and Statements of Good Practice (“SGPs” and each an “SGP”) over time, prioritising those areas where FMSB Members consider there is a lack of clarity in the standards of behaviour expected of market participants, or a lack of understanding of the issues relevant to a product or transaction type, or evidence of poor conduct.
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