FPSO and FRANDT: Difference between pages

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FPSO is an abbreviation for Floating Production Storage and Offloading vessels.
''Financial services - regulation - UK.''


FPSOs, are offshore oil and gas production facilities that house both processing equipment and storage.  
FRANDT is an acronym for Fair Reasonable And Non-Discriminatory Transparent commercial terms.




Most FPSOs comprise a ship-shaped vessel, with processing equipment, or topsides, aboard the vessel's deck and storage below in the double hull.
:<span style="color:#4B0082">'''''FRANDT requirements will be binding for UK'''''</span>


After processing, an FPSO stores oil or gas before offloading periodically to shuttle tankers or transmitting processed petroleum via pipelines.
:"The Treasury have confirmed that the UK will create legislation to bring into UK law requirements under UK EMIR, including requirements for firms who offer clearing services to do so on fair, reasonable and non-discriminatory, transparent commercial terms (FRANDT requirements)."


 
:''Financial Conduct Authority - 2021''
Some FPSOs are converted tankers. Others are purpose-built.




== See also ==
== See also ==
* [[Fossil fuel]]
* [[Clearing]]
* [[OPEC]]
* [[FEMR]]
* [[Peak oil]]
* [[Financial Conduct Authority]]
* [[Renewables]]
* [[FRAND]]
* [[Law]]
* [[Legislation]]
* [[Regulation]]
* [[SONIA]]
* [[Transparent]]
* [[Treasury]]
* [[UK EMIR]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 08:21, 31 August 2022

Financial services - regulation - UK.

FRANDT is an acronym for Fair Reasonable And Non-Discriminatory Transparent commercial terms.


FRANDT requirements will be binding for UK
"The Treasury have confirmed that the UK will create legislation to bring into UK law requirements under UK EMIR, including requirements for firms who offer clearing services to do so on fair, reasonable and non-discriminatory, transparent commercial terms (FRANDT requirements)."
Financial Conduct Authority - 2021


See also