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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]