Update

ISSUE 31, February 2001

European Regulation
- Bank of International Settlements ("BIS")
- Prudential Supervision of Conglomerates
- Review of the Investment Services Directive
- The Regulation of Alternative Trading Systems (ATSs)
- The Committee of Wise Men

UK Regulatory Reform
- FSA Consultation Process

Clearing and Settlement
- International Uniform Give-Up Agreement

Member Services
- Standardised Documentation Project
- Guidelines on the Procurement /Outsourcing of IT Systems/Services

Training and Education
- Complinet Seminar on Alternative Trading System (ATS) Regulation (held in conjunction with the FOA)
- Compliance in Futures and Options Course
- Compliance Roundtable
- FOW Training - Special Offer
- BPP Hyperion Training - Special Offer

Membership
-Two New Members
- FOA Fora
- New Database

New Publications
- Derivatives 2001

Events
- Forthcoming Events
- The City Debate 2001
- International Derivatives Week 2001

Welcome to the February 2001 issue of "Update" which is the sixth on-line production of our Newsletter. Please continue to email any comments or questions you may have to the Publications Department.

Key subjects of interest this month are:

Following its previous Consultation Paper, the BIS issued a further proposal in January 2001 on a new Capital Adequacy framework.
FOA planning to produce a set of guidelines on the procurement/outsourcing of IT systems/services.
Standardised Documentation: The first suite of documents are currently being reviewed by the participating firms.
The FOA welcomes two new members.
Complinet Seminar on ATS Regulation reviewing the various regulatory approaches.
"This House believes that British Membership of NAFTA is undesirable ~ The EU and NAFTA: can the UK have both" - the results of this year's City Debate.

If you have any comments regarding this issue of the "Update" please contact Julie Bullivant on + 44 (0)20 7426 7262 or alternatively by e-mail on bullivantj@foa.co.uk.

For further information please contact:

Regulatory Matters	Anthony Belchambers
Commercial Projects	Hugo Jenkins
Accounting/Finance	David Stuart
Public Affairs	Patricia Duncan
Membership & Training	Julie Bullivant
General Enquiries	Angelina Colaço
Special Events	Lucy Vince