Part I of this Annex ("Resolution of Financial Market Infrastructures") provides guidance on the implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions (the 'Key Attributes', KAs) in relation to resolution regimes for systemically important FMIs.

Part II of this Annex ("Resolution of FMI Participants") deals with the resolution of FMI participants that could be systemically significant or critical in the event of failure.

I. Resolution of Financial Market Infrastructures

The Key Attributes state that FMIs - defined to include payment systems, central securities depositories (CSDs), securities settlement systems (SSSs), central counterparties (CCPs) and trade repositories (TRs) - should be subject to resolution regimes that apply the objectives and provisions of the Key Attributes in a manner appropriate to FMIs and their critical role in financial markets (KA 1.2).