Key compliance notices | London Metal Exchange

The LME has published the key member notices that contain detailed rules in relation to regulatory and compliance matters. These notices should be considered in conjunction with the LME rulebook.

The full database of member notices is available online via Lexis Nexis.

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Ref	Notice title
	LPP Price Regulations (PDF)

17/297 - Appendix 8 Guide to Transaction Reporting (PDF)

17/387 - MiFID II Order Record Keeping Requirements (PDF)

17/403 - MiFID II Transaction Reporting non-MiFID II (PDF)

17/410 - general reminder for Matters Related to the Implementation of MiFID II (PDF)

24/261 - Policy Relating to Position Management Arrangements Update of Accountability Levels (PDF)

24/273 - Member Guidance on Notification Requirements (PDF)

Technical 23 056 REVISED LME Clear EMIR REFIT (PDF)

LME Clear CCP Harmonised Position File v2.3 Specification (PDF)

LME Clear CCP Harmonised Position File v4.3 Specification (PDF)

LME Clear COD_REG File v1.2 Specification (PDF)

LME Clear TRD_REG File v1.4 Specification (PDF)

LME Clear OPP_REG File v1.4 Specification (PDF)

Sample EOD Member Files – LME Clear EMIR Refit Member Testing May 2025 (XLSX)

Test Trade File Sample – LME Clear EMIR Refit Member Testing July 2024 (XLSX)

EMIR Refit Questions and Answers v2.1 (PDF)

LME Clear UK EMIR Refit Reporting Changes v1.1

Document
Commodity Positions Reports Interface Specification v11 (PDF)
LME Position Reporting Guide v12 (PDF)
Personal Identifiable Information PII Interface Specification v22 (PDF)
Post Trade Transparency Interface Specification v2.0 (PDF)
LME Clear Tradeable Instrument File v2 Specification (PDF)
OTC Position Reporting
UDG Interface Specification v3 (PDF)
xxx_PIISUB_000001-000000-17 (XML)
xxx_POSSUB_000001-000000-17 (XML)

Ref	Notice title
21/107	LME: Indicative Penalties (PDF)
20/217	Matching Rules (PDF)
19/371	Appendix 4 – LME Warehouse Enforcement and Disciplinary Procedures (PDF)
18/274	Decision notice - Consultation on proposed amendments to the LME and the LME Clear Rulebooks- Strategic Pathway initiatives and miscellaneous rule amendments (PDF)
	Error Trades and Erroneous Order Submissions Policy (PDF)
17/402	LME Group Transaction Fees Annual Subscriptions and Other Charges (PDF)
17/052	Decision Notice - Consultation on Proposed Automatic Penalty Charges Rent Unpaid Warrants (PDF)
16/166 : R066	Introduction of Accountability Levels for LME Contracts (PDF)
16/166 : R066	Appendix 1 - Summary of Feedback and Responses (PDF)
16/094 : A094 : W034	Disciplinary Procedures Handbook - Minor Amendments (PDF)
16/094 : A094 : W034	Appendix B - Mark-up Disciplinary Procedures Handbook (PDF)
16/007 : A007	Introduction of a Revised Member Audit Programme (PDF)
15/288 : A280	Rules Powers Functions of Head of Market Operations (PDF)
00/383 : A376 : R010	Rules on LME Give Ups (PDF)
00/383 : A376 : R010	Rules on LME Give Ups - Attachment (PDF)

Ref	Notice title
26/049	Decision Notice on Amendment to Lending Rules: Introduction of Front Month Lending Rules (PDF)
n/a	Policy Relating to Position Management Arrangements (effective 6 July 2026)

Ref	Notice title
14/202 : A195 : W098	Information Barriers between Warehouse Companies and Trading Companies (PDF)

Ref	Notice title
17/395	Waiver of Pre-Trade and Deferral of Post Trade Transparency Requirements for Certain Traded Options (PDF)
17/394	Decision Notice - Consultation on Policy Relating to Fast Market (PDF)
17/386	Decision Notice - Consultation on Market Making Agreement for MiFID II (PDF)
17/218	Amendment to the Metal Close Out Schedule During the Second Kerb Session (PDF)
17/204	Decision Notice - Consultation on Amending the Ring Dealing Regulations to Strengthen and Enhance Trading on the Ring (PDF)
17/204	Decision Notice - Consultation on Amending the Ring Dealing Regulations to Strengthen and Enhance Trading on the Ring Appendix 1 - Summary of Feedback and Responses (PDF)
17/184	Update to Category 4 Membership Model Trade Registration Requirements (PDF)
17/127	LMEsmart - Introduction of Dynamic Price Banding (PDF)
17/047	Clarification to Introducing Broker Arrangements for the LME (PDF)
03/304 : A303	Omnibus Accounts and LME Clients (PDF)

Ref	Notice title
19/255	Amendments to the Schedule for Ring Trading During the Second Session and PM Kerb Following the Zinc Trial for All Base Metals Traded on the Ring (PDF)
18/143	Ring Recording Policy (PDF)

Ref	Notice title
22/041	Trading 22 041 Consolidated Traded Options Pricing Procedures - Update and Restatement (PDF)
20/116	20 116 LME Metal Options Interpolation Process and Submission of Closing Volatilities Clarification (PDF)
20/115	20 115 Consolidated Traded Options Pricing Procedures - Update and Restatement (PDF)
19/177	Consolidated Notice for Traded Options Procedures Amended and Restated (PDF)

Notice title
Price Bands and Other Volatility Control Mechanisms Policy (PDF)
LMEselect NCR Values January 2026 (PDF)
LMEselect No Cancellation Ranges Update (PDF)

Ref	Notice title
	Current Max Bid Ask Ranges (PDF)
	LME UOTR Thresholds (PDF)
	LME Cash-Settled Futures Daily Settlement Prices –Methodology (PDF)
21/050	Final Settlement Prices for Cash Settled Futures (PDF)
19/012	Information on LMEselect and LMEsmart Dynamic Price Banding Limits and No Cancellation Ranges (PDF)
17/389	Introduction of Maximum Bid-Ask Ranges for Market Making (PDF)
25/122	LMEselect Trade at Settlement Functionality
25/194	LMEselect tick size change

Ref	Notice title
19/347	Complaints Procedure (PDF)
26/124	LME Complaints Commissioner (PDF)
15/289: A281	LME Complaints Officer (PDF)

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