The Financial Markets Standards Board has published a transparency draft Statement of Good Practice on Unauthorised Trading Frameworks for industry consultation, aiming to provide practical foundations for oversight and controls and to promote more consistent expectations among firms and regulators on frameworks to contain unauthorised trading. The draft responds to ongoing risks that vulnerabilities can enable unauthorised trading to occur or remain undetected, despite substantial investment in risk management frameworks. It also seeks to address the uneven development of baseline standards across markets and jurisdictions in the absence of comprehensive industry guidance, building on FMSB’s earlier work on Front Office Supervision and drawing on input from buy-side and sell-side member firms and the global regulatory community. The consultation is open to wider industry comments until 15 September 2025.
Financial Markets Standards Board 2025-07-23
Financial Markets Standards Board consults on transparency draft good practice statement for unauthorised trading frameworks
The Financial Markets Standards Board has released a transparency draft Statement of Good Practice on Unauthorised Trading Frameworks for industry consultation, aiming to enhance oversight and controls and standardize expectations among firms and regulators. The consultation, addressing risks and uneven standards in unauthorised trading, is open for comments until 15 September 2025.