LME warehouse rules meet regulatory obligations: FCA

Nov 07, 2013 | 12:26 PM | Andrea Hotter

Tags  London Metal Exchange, LME, Financial Conduct Authority, FCA, warehouse rules, Andrea Hotter

NEW YORK — The United Kingdom’s financial regulator has given its tacit backing to the London Metal Exchange’s rule changes by ensuring they are consistent with the exchange’s regulatory obligations.

"We have engaged with the LME to ensure these changes, including the linked load-in and load-out rule, are consistent with its regulatory obligations," the Financial Conduct Authority (FCA) said. "We see these measures as a first step toward strengthening the LME’s....

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