CPMI-IOSCO Principles for Financial Market Infrastructures
Transparency (Principles 23 and 24) – CPMI-IOSCO Principles for Financial Market Infrastructures

CPMI-IOSCO Principles for Financial Market Infrastructures P23: Principle 23 Disclosure of rules, key procedures and market data

An FMI has clear, comprehensive rules and procedures disclosed in full to participants, with relevant rules and key procedures publicly disclosed. It describes system design and operation and the rights and obligations of itself and participants so participants can assess risks; provides documentation and training so participants understand the rules and risks; discloses fees per service and discount policies with clear descriptions for comparison; and regularly completes and publishes responses to the CPSS-IOSCO Disclosure framework, with at least basic data on transaction volumes and values.

Maintained by Gerard Blokdyk

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