Entire Section

  • Protection of Trading, Clearing and Settlement Systems

    • RAR 3.6.5

      The DFSA shall take reasonable steps to ensure that the application of a Resolution Tool does not affect the operation of an AMI, Regulated Exchange, payment system, Central Counterparty, Securities Settlement System or Central Securities Depository where it:

      (a) transfers some but not all of the rights, assets or liabilities of an Authorised Firm in Resolution to another entity; or
      (b) exercises its Resolution Power to cancel or modify the terms of a contract to which the Authorised Firm in Resolution is a party or to substitute a recipient as a party.


      Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]