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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 90 MORCAAP - Capital required for orderly wind down

Revoked from 1 July 2023

(1) For the purpose of Regulation 87(b), a market operator shall draw up a plan setting out how the market operator would wind down in an orderly fashion within a defined time period in the event of failure and shall estimate the amount of capital required to support such an orderly wind down of its business.

(2) In drawing up the wind down plan referred to in paragraph (1), the market operator should consider at least one reverse stress test scenario.

Comparing proposed amendment...