Standardised practices and uniform codes There are a number of other recommendations of the sub-group on repos that deal with existing systems and procedures in the context of standardised practices and uniform codes. These relate to uniform accounting practices, master repo agreement, code of conduct for repos, etc.
I would urge the Primary Dealers Association and FIMMDAI to coordinate and implement these recommendations as quickly as possible, since as I understand, these are issues where participants themselves can work out the modalities for implementation. Legal and regulatory issues A landmark development in the regulatory framework in the financial sector relates to recent amendments to Securities Contracts (Regulation) Act 1956.