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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2023 - onwards
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Regulation 87 MORCAAP amount

Revoked from 1 July 2023

A market operator shall calculate the MORCAAP amount as the sum of the amounts referred to in subparagraphs (a) to (c):

(a) the market operator's internal assessment of the capital required to cover its business risks and associated mitigations in stressed market conditions;

(b) the amount of capital estimated by the market operator as required to support an orderly wind down of its business; and

(c) capital add-ons specified in writing by the Bank to the market operator in order to address identified deficiencies in the assessments referred to in subparagraphs (a) and (b).

Comparing proposed amendment...