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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