In line with the Financial Services Act 2012, the FCA and the Bank of England reviewed the operation in 2015 of their Memorandum of Understanding (MoU) that sets out how they should co-operate with one another in relation to the supervision of markets and market infrastructure. As part of this review, a survey of industry respondents identified no material instances of duplication and respondents acknowledged the efforts made by both authorities on co-operation.
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