MOSL will seek a budget increase of up to 10% when it consults on its draft 2020-21 business plan, from 22 November.
It shared preliminary details with wholesale and retail leaders at its CEO Forum this month. MOSL argued the increase would allow it to deliver better value for money for members by delivering excellent core services and reducing the friction and high indirect costs of operating in the market. It will also be able to invest in initiatives with a market-wide benefit, such as the bilaterals project, which will ultimately reduce trading parties’ operating costs.
The consultation will run until 20 December, with the final business plan set to be published on 17 January 2020, for voting on 31 January.