LME’s proposed rent cap has US regulatory support

The London Metal Exchange’s proposal to introduce queue-based rent capping (QBRC) meets the requirements of overseas regulators as well as the Financial Conduct Authority (FCA).

This follows the exchange’s latest talks which saw it hold “discussions with regulators in many jurisdictions,” the bourse’s ceo Garry Jones said in a press briefing last week.
The LME’s rent-capping proposal “has significant support from certain quarters, including regulators in the US”, the exchange said in a discussion paper on its latest round of warehouse reforms.

“It is possible that some form of requirement for a queue-based rent cap may be written into...


Charlotte Radford

July 08, 2015

12:49 GMT