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CP 389 Proposed regulatory guide on pre-hedging

consultation paper – 389

Released 15 June 2026. Comments due 27 July 2026. 

This consultation paper seeks feedback on a draft regulatory guide for market participants on pre-hedging. 

The draft guide aligns with IOSCO’s recommendations and builds on guidance we have previously provided in an open letter to CEOs of market participants.

The draft regulatory guide does not introduce new legal requirements.

We are also seeking feedback on whether to include examples of observed better practices in the regulatory guide.

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