The CPSS-IOSCO Principles for Financial Market Infrastructures (PFMIs) were published in 2012 by the Committee on Payment and Settlement Systems of the Bank for International Settlements and the Technical Committee of the International Organization of Securities Commissions. It sets out twenty-four principles to be followed to manage market risk in . In the United Kingdom, the Bank of England acts as regulator for payment systems, central securities depositories and central counterparties. For these regulated organisations, the bank requires the operator complies with the CPSS-IOSCO principles.
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