The London Metal Exchange (the “LME”) is seeking the views of its Members, and all other interested parties, in respect of its proposals to: (a) implement in its Rules and Regulations the new rules by the Financial Conduct Authority (the “FCA”) as they will be set out in Chapter 10 of the Market Conduct sourcebook (“MAR 10”) – see Part 1; (b) take the following actions: (i) decommission the systematic Fixed Price Auction (“SFPA”) and consequential amendments to the LME Rulebook and the Matching Rules, (ii) amend the Matching Rules in relation to the Metal Position Exchange transfer post-trade category, (iii) amend Notice 24/135 (the “Fixed Penalty Notice”) for the purposes of enforcing the Minimum Volume Threshold (the “MVT”) Rule in Regulation 2.5A Part 3 of the LME Rulebook; – see Part 2. Part 1 and Part 2 together form the “Consultation”.
FTSE Mondo Visione Exchanges Index:
LME: Introducing Regulatory Position Limits, Exemptions And Position Management Controls; Decommissioning The Systematic Fixed Price Auction - Amending The Matching Rules And The Fixed Penalties Notice
Date 27/02/2026
