The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023
These Regulations apply certain provisions of the Companies Act 2006 (c. 46) (“the 2006 Act”) and related legislation with modifications, and make consequential amendments to primary and secondary legislation, in relation to the introduction of a new special resolution regime for central counterparties (“CCPs”) in Schedule 11 (central counterparties) to the Financial Services Act 2023 (c. 29) (“the CCP Schedule”). This replaces the current special resolution regime in Part 1 of the Banking Act 2009 (c. 1) (“the BA09 regime”).
Lifecycle
Department
Made
04 Dec 2023
—
In force
31 Dec 2023
Enabling power
A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament, in accordance with sections 83(3) and 84(3) of, and paragraph 165(1) of Schedule 11 to, the Financial Services and Markets Act 2023.
DocumentsOpen on legislation.gov.uk →