These Rules give effect to Part 6 of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the 2013 Act”). Part 6 provides for a special process for the administration of operators of certain financial market infrastructure systems (known as “FMI administration”), and restricts the powers of persons other than the Bank of England in relation to the insolvency of infrastructure companies. These Rules set out the procedure for FMI administration.
Link: The Financial Market Infrastructure Administration (England and Wales) Rules 2018
Source: Legislation .gov.uk
