2020 Adherence Status*

The Standards being adhered to:

Binary Options for the Commodities Markets

Reference Price Transactions for the Fixed Income Markets

New Issue Process for the Fixed Income Markets

Risk Management Transactions for New Issuance for the Fixed Income markets

Secondary Market Trading Error Compensation Standard

Standard for the execution of Large Trades in FICC markets**

Standard on the use of Term SONIA reference rates**


* Full, Associate, and Corporate Members commit to conduct their FICC market activities in a manner consistent with the Core Principles contained in FMSB Standards, and to have internal policies, procedures and controls reasonably designed to give effect to those Core Principles where they are applicable. They evidence this through an annual Statement of Commitment. Information about FMSB membership is available on the ‘Who we are’ page
** For the 2020 Adherence year which ended 31 December 2020, Members have the option to adhere to two additional Standards issued in 2021, which would normally form part of the 2021 Adherence year.