Disclaimer

The Financial Markets Law Committee (FMLC) maintains this website in order to enhance the dissemination of information about the FMLC and its work. The FMLC aims to keep the information contained on this website timely and accurate within reason. Neither the FMLC nor any of its members accepts responsibility or liability in relation to the information contained on this website.

The FMLC does not, cannot and should not be taken to issue any legal advice of any kind.

The FMLC’s work concerning issues of legal uncertainty affecting the wholesale financial markets is of a general nature. When specific situations are under consideration, specific advice should be obtained.

The FMLC is independent. Its members serve in their personal capacities. The views of the FMLC do not necessarily reflect the views or policies of the institutions from which its membership is drawn, nor does the sponsorship of the FMLC by the Bank of England indicate that its views may necessarily reflect those of the Bank of England.

Reproduction of the FMLC’s work is authorised provided the FMLC is acknowledged as the source of the work.