Notice - Consultation Paper - Proposed Amendments for the Regulation of Investment Exchanges and Clearing Houses and Other Additional Changes to the Investment Business Act 2003 (2023-09-06)

Summary

This is a BMA notice announcing that a consultation paper has been published proposing amendments to the Investment Business Act 2003. The proposals aim to modernise the regulation of investment exchanges and clearing houses, mainly through changes to Part IV of the Act, and to make minor clarifying updates to existing requirements for investment providers.

• Purpose: Invites stakeholder feedback on proposed changes to the regulation of investment exchanges and clearing houses and other minor amendments to the Investment Business Act 2003.
• Where to find the paper: The consultation paper and illustrative draft instruments are published on the BMA website discussion and consultation papers page.
• How to respond: Comments should be emailed to policy@bma.bm.

This is a consultation notice only; it does not itself impose new binding requirements but sets a deadline for industry comment before any final rule changes are made.

Key obligations

• Stakeholders wishing to comment on the proposals must submit feedback to policy@bma.bm no later than close of business on 6 October 2023.

Applies to

investment exchanges, clearing houses, investment providers, investment business licensees

Deadlines

• 6 October 2023: Deadline for stakeholders to submit comments on the consultation paper to policy@bma.bm.