http://www.legislation.gov.uk/uksi/1999/2979/schedule/paragraph/4/made
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Capital and financial markets
European Union
King's Printer of Acts of Parliament
2015-04-17
FINANCIAL SERVICES
The Regulations implement Directive 98/26/EC of the European Parliament and of the Council on settlement finality in payment and securities settlement systems (OJ L166, 19.5.98, p. 45) (“the Directive”). The Directive seeks to reduce the risks associated with participation in payment and securities settlement systems by minimising the disruption caused by insolvency proceedings brought against a participant in such a system.
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(4)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(6)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 9(2)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(8)(b)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 13(2)(c)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(10)(c)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 13(4)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(10)(d)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 14(5)(a)(iv)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(11)(e)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 14(5)(a)(v)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(11)(f)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 1(5)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(17)(a)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 4
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(17)(c)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 5(1A)
(1B)
The Financial Markets and Insolvency (Settlement Finality and Financial Collateral Arrangements) (Amendment) Regulations 2010
reg. 2(17)(d)
reg. 3
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2A)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(3)(a)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2A)(a)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(3)(b)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2B)(b)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(4)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(5)(d)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(6)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(6)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(7)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(7)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 5(8)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 4(6)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 6(1)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 6(3)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 6(2)(b)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 10(1A)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 6(4)(b)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 10(4B)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 6(4)(d)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 20(1)(aa)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(1)(a)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 20(4)(a)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(1)(c)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 20(5)(a)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(1)(d)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 22(3)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(2)(b)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 26(2)(b)(i)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(6)(c)(i)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 26(2)(b)(ii)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 8(6)(c)(ii)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 27
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 9
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 5(4)(c)
The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019
reg. 10(d)(iii)
reg. 21
reg. 1(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2A)(b)
The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019
reg. 20(2)
reg. 1(2)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 27(1)
The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019
reg. 20(3)(a)
reg. 1(2)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 27(2)
The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019
reg. 20(3)(b)
reg. 1(2)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1A)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2006
reg. 2(10)(a)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(2)(c)
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 27(c)(i)
Sch. 2
para. 28
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(2)(d)
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 27(c)(ii)
Sch. 2
para. 28
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 4
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 27(e)(i)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Sch.
para. 4(ba)
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 27(e)(ii)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(5)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(2)(c)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 6(3)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(3)(b)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 10(4A)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(4)(b)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 13(4)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(5)(a)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 13(4)(a)
(b)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(5)(b)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 20(4)
(5)
The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013
reg. 32(6)(c)
regs. 52-58
reg. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009
art. 3
Sch.
art. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 14(5)(a)(iii)
(iv)
(v)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 4(d)(iii)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 14(6)(c)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 4(e)(ii)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 15(4)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 5(b)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1ZA)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 7(a)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1B)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 7(b)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(4)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2009
reg. 7(c)
art. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(2)(a)-(d)
The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002
art. 39(4)(c)
art. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(3)
(4)
The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002
art. 39(5)
art. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1A)
The Financial Markets and Insolvency (Settlement Finality)(Amendment) Regulations 2007
reg. 2(4)(a)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1A)(a)-(b)
The Financial Markets and Insolvency (Settlement Finality)(Amendment) Regulations 2007
reg. 2(4)(b)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(1A)
The Financial Markets and Insolvency (Settlement Finality)(Amendment) Regulations 2007
reg. 2(4)(c)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(2A)
The Financial Markets and Insolvency (Settlement Finality)(Amendment) Regulations 2007
reg. 2(5)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
specified amended provision(s)
The Proceeds of Crime Act 2002 (Commencement No. 4, Transitional Provisions and Savings) Order 2003
art. 2
Sch.
commencement order for 2002 c. 29
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(2A)
The Enterprise Act 2002 (Insolvency) Order 2003
Sch.
para. 76(b)
art. 6
art. 1(1)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2)(za)
The Bank of England and Financial Services (Consequential Amendments) Regulations 2017
Sch.
para. 23
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 6(3)
(4)
The Central Securities Depositories Regulations 2017
Sch.
para. 22(2)(b)
reg. 7(4)
9(1)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(2)(ba)
The Central Securities Depositories Regulations 2017
Sch.
para. 22(3)(b)
reg. 7(4)
9(1)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 7(2)(d)
The Central Securities Depositories Regulations 2017
Sch.
para. 22(3)(c)
reg. 7(4)
9(1)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 19(4)
Corporate Insolvency and Governance Act 2020
Sch. 3
para. 35
s. 2(2)
5(2)
s. 49(1)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 27
The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020
reg. 3
Sch.
para. 23(a)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 27(2)
The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020
reg. 3
Sch.
para. 43(e)
reg. 1
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2B)(b)
The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020
reg. 26(2)
reg. 1(2)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
Financial Services and Markets Act 2023
s. 3 Sch. 1
Pt. 2
s. 86(3)
reg. 2(d)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
Financial Services and Markets Act 2023
s. 13
17
s. 86(3)
reg. 4(h)
(l)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
Financial Services and Markets Act 2023
s. 15
17
s. 86(3)
reg. 4(j)
(l)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
Financial Services and Markets Act 2023
Sch. 1
Pt. 2
s. 1(4)
s. 86(3)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023
reg. 4
reg. 1(2)
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 4(6)
The Financial Services and Markets (Disclosure of Information to the European Securities and Markets Authority etc. and Other Provisions) Regulations 2016
reg. 2(3)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 22(3)
The Financial Services and Markets (Disclosure of Information to the European Securities and Markets Authority etc. and Other Provisions) Regulations 2016
reg. 2(4)(b)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
The Investment Bank Special Administration Regulations 2011
Sch. 6
Pt. 1
reg. 27(a)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 4(6)
The Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2015
reg. 2(3)
reg. 1
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
reg. 2(2A)
(2B)
The Bank Recovery and Resolution (No. 2) Order 2014
Sch. 3
para. 7
art. 1(2)
Financial Markets and Insolvency (Settlement Finality) Regs
The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
Regulations
The Payment and Electronic Money Institution Insolvency Regulations 2021
Sch. 3
para. 2
3
reg. 5
reg. 2
SCHEDULEREQUIREMENTS FOR DESIGNATION OF SYSTEM
Co-operation with other authorities4
The system must be able and willing to co-operate, by the sharing of information and otherwise, with—
a
the Financial Services Authority,
b
the Bank of England,
c
any relevant office-holder, and
d
any authority, body or person having responsibility for any matter arising out of, or connected with, the default of a participant.