Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
Version 3 of 3

Regulation 13 Objective 2 - engaging with market infrastructure bodies and the Authorities

(1) The administrator shall work with -

(a) a market infrastructure body to -

(i) facilitate the operation of that body's default rules or default arrangements,

(ii) resolve issues arising from the operation of those rules or arrangements, and

(iii) facilitate the transfer, settlement or prompt cancellation of non-settled market contracts or, as the case may be, of unsettled settlement instructions; and

(b) the Authorities, to facilitate any actions the Authorities propose to take to minimise the disruption of businesses and the markets as a consequence of a special administration order being made in respect of the investment bank.

(2) In paragraph (1), "work with" means to -

(a) comply, as soon as reasonably practicable, with a written request from such a body or from any of the Authorities for the provision of information or the production of documents (in hard copy or in electronic format) relating to the investment bank;

(b) allow that body or any of the Authorities, on reasonable request, access to the facilities, staff and premises of the investment bank for the purposes set out in paragraph (1),