Page 64 - 期货和衍生品行业监管动态（2024年4月）

期货和衍生品行业监管动态

“The new Digital Securities Sandbox reshapes how we regulate by allowing

firms to test regulatory changes using real world situations before these changes are

made permanent. We hope this will be a more effective, collaborative and quicker

way of delivering regulatory change.

“The new sandbox also helps strengthen the UK’s leading position as a global

and vibrant financial centre, by driving adoption of new technologies for trading and

settling traditional assets, like bonds and equities.

“We continue to work with the Bank of England, government and industry to

harness new technologies while also protecting the integrity and cleanliness of UK

markets.”

Alongside the consultation paper, regulators have published:

? Draft guidance for firms looking to enter the DSS, including details of how

the Bank proposes to allow firms to scale their activities once authorised to

undertake live activity in the DSS. This approach is consistent with the

Bank’s commitment to the key objective of maintaining financial stability.

? A detailed breakdown of how existing regulations related to securities

depositories will be transposed into ‘Rules’ at different stages of the DSS.

Feedback on the consultation is open until 29 May 2024. Subject to feedback, the

regulators propose to publish final guidance for firms and open the DSS for

applications in Summer 2024.

Notes to editors

1. Digital Securities Sandbox joint Bank of England and FCA consultation paper

2. The proposals in this consultation paper follow Parliament’s adoption of the

Financial Services and Markets Act 2023, which gave HM Treasury the power to

legislate to create Financial Market Infrastructure (FMI) Sandboxes to be operated by

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