Implementation monitoring of PFMI: Level 2 assessment report for UK payment systems and central securities depositories/securities settlement systems

The Bank for International Settlements‘ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) closely monitor the implementation of the Principles for financial market infrastructures (PFMI). This report presents the conclusions drawn by CPMI-IOSCO from a Level 2 assessment of whether, and to what degree, the legal, regulatory and oversight framew…