The input to this response has been curated through a series of member discussions, industry engagement, and roundtables, and GDF is grateful to its members who have taken part. We would thank in particular the BoE & FCA Teams who took the time to engage with industry throughout the consultation process, and look forward to continued collaboration.
The following are the key principles discussed in further detail in our full response to this consultation:
1.) Transparency – Feedback Loop
2.) Flexibility – Preparing and Adjusting for Market Evolutions
3.) Further Consideration and Additions for the Scope of Instruments
4.) Clear Operational and Spend Requirements for Each Gate
5.) Reducing Barriers to Entry & Proportionality for Firm Size