The information contained in this website is for general information purposes only. The information is provided by Financial Markets Standards Board Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of Financial Markets Standards Board Limited. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, Financial Markets Standards Board Limited takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Privacy and the FMSB
The Financial Markets Standards Board Limited (‘FMSB’, ‘we’, ‘us’ or ‘our’) is a standards setting body for the wholesale financial markets. FMSB is practitioner led, and funded by members which include banks, asset managers, corporations, brokers, trading platforms, exchanges and infrastructure providers.
Our mission is to enhance standards of behaviour in financial markets by developing clear standards and guidance on conduct which fill the gap between high-level principles and detailed regulation.
We may need to process personal data as part of our work, for example from our members, business contacts, members of the public, and users of our website (‘you’ or ‘yours’).
- We are thoughtful about the personal information we ask you to provide and the personal information that we collect about you through the operation of our services.
- We store personal information for only as long as we have a reason to keep it.
- We aim to make it as simple as possible for you to control what information is shared publicly (or kept private), indexed by search engines, and permanently deleted.
- We aim for full transparency on how we gather, use, and share your personal information.
What this policy covers
Controllers and responsible companies
Financial Markets Standards Board Limited is the controller of personal information, which means that we are responsible for processing your information.
Information we collect
We only collect information about you if we have a reason to do so.
Information you provide to us
We collect information that you provide to us. The amount and type of information depends on the context and how we use the information. For example:
- Basic membership information: We ask for basic information from our members such as name, company name, and email address.
- Signing up to updates/communications from us: You may provide us with information so that we can send you updates or other communications.
- Communications with us: You may also provide us information when you respond to a Transparency Draft, or a survey.
Information we collect automatically
- Log information: We may collect information that web browsers, mobile devices, and servers typically make available, such as the browser type, IP address, unique device identifiers, language preference, referring site, the date and time of access, operating system, and mobile network information.
- Usage information: We may collect information about your usage of our services.
- Location information: We may determine the approximate location of your device from your IP address. We may collect and use this information, for example to understand in which geographic regions our services are accessed by users.
Information we collect from other sources
We may also get information about you from other sources.
How and why we use information
Purposes for using information
We may use information about you as mentioned above and to:
- provide, further develop, and improve our products and services;
- monitor and analyse trends and better understand how users interact with our products and services, which helps us improve them;
- measure, gauge, and improve the effectiveness of our website, and other communications;
- monitor and prevent any problems with our services, protect the security of our services, detect and prevent fraudulent transactions and other illegal activities, fight spam, and protect the rights and property;
- confirm your role or participation in FMSB work if requested as part of reference checking conducted by an employer, prospective employer, or other agency;
- communicate with you, for example through an email to seek your feedback, or keep you up to date; and
- personalise your experience using our products and services, e.g. provide content recommendations.
How we share information
We do not sell your private personal information.
We share information about you in the limited circumstances set out below and with appropriate safeguards on your privacy.
- FMSB employees, secondees from other organisations and independent contractors who are developing a product or service: By responding to a Transparency Draft, as well as your personal details, you may provide opinions or other information. The response will be assessed to inform our work as a standards setter. We may use your details to contact you to clarify any aspects of your response. All responses will be anonymised, and generalised categories applied to provide context to the response (e.g. buy-side, wholesale bank, or asset manager) before sharing with FMSB members developing the product or service in a committee, sub-committee or working group, or any other organisation. All personal data will be redacted from the responses within five years of receipt. Information provided in response to the Transparency Draft, including personal information, may be subject to publication or disclosure to other parties in accordance with access to information regimes, or as otherwise required by law. Please indicate if you regard all, or some of, the information you provide as confidential. If we receive a request for disclosure of this information, we will take your indication(s) into account but cannot give an assurance that confidentiality can be maintained in all circumstances. An automatic confidentiality disclaimer generated by your IT system on emails will not, of itself, be regarded as binding on us.
- Third party vendors: We may share information about you with third party vendors who need to know information about you in order to provide their services to us, or to provide their services to you.
- Legal requests: Where legally required to do so, we may disclose information about you in response to a subpoena, court order, or other legal or governmental request.
- To protect rights, property, and others: We may disclose information about you when we believe in good faith that disclosure is reasonably necessary to protect the property or rights of Financial Markets Standards Board Limited, third parties, or the public at large.
- With your consent: We may share and disclose information with your consent or at your direction.
- Aggregated or de-identified information: We may share information that has been aggregated or reasonably de-identified, so that the information could not reasonably be used to identify you.
How long we keep information
We generally discard information about you when we no longer need the information for the purposes for which we collect and use it – which are described in the section above on ‘How and why we use information’ and we are not legally required to continue to keep it.
For FMSB members, we retain personal information for a period of seven years from the date of provision for the purposes of confirming your role with the Financial Standards Markets Board Limited if required. For example, if an employer/prospective employer wishes to confirm your role at FMSB.
If you are located in certain countries, including those that fall under the scope of the European General Data Protection Regulation (GDPR), data protection laws give you rights with respect to your personal data, subject to any exemptions provided by the law, including the rights to:
- request access to, and deletion or correction of, information about you;
- object to how we use and process your information;
- request that we limit our use and processing of your personal data;
- request that your personal data be transferred to another organisation; and
- complain to the Information Commissioner’s Office if you are unhappy about the way we use information about you. EU individuals also have the right to make a complaint to a government supervisory authority.
Find out more about your privacy rights
If you are interested in learning more about your privacy rights, more information is available from the Information Commissioner’s Office on the ICO website.
How to contact us
29 April 2022: Name changed at Companies House from FICC Markets Standards Board to Financial Markets Standards Board.