The Memorandum of Understanding (MoU) between the Bank of England and the Financial Conduct Authority sets out a high-level framework that the Bank and the Financial Conduct Authority use to cooperate in relation to the regulation and supervision of Financial Market Infrastructure. The MoU has been updated to reflect changes made by the Financial Services Markets Act 2023. The MoU has been agreed pursuant to section 17A of the Financial Services and Markets Act 2000.