The Financial Services Authority has published finalised guidance concerning reviews of counterparty credit risk management by central counterparties. The finalised guidance looks at specific aspects of counterparty credit risk management, namely risk models and associated governance, processes and procedures. The finalised guidance is designed to be consistent with the CPSS-IOSCO Principles for Financial Market Infrastructures and may be revised when these principles are finalised. It will also be revised in due course to ensure that it is consistent with the Technical Standards for CCP Requirements to be defined by the relevant European Supervisory Authorities when the proposed European Market Infrastructure Regulation is finalised.