Regulatory Alerts2024-06-04
Joint Communication 4 of 2024: Draft Joint Standard on Minimum Requirements for Market Infrastructure Recovery Plans
The Financial Sector Conduct Authority and Prudential Authority have published a draft Joint Standard establishing minimum requirements for market infrastructure recovery plans. Adopting a principle-based approach, the framework mandates that recovery plans maintain prudent business management and critical service delivery during stress events without triggering resolution powers. Stakeholders may submit written feedback using the provided templates and guidance notices until 18 July 2024 via the Authorities' official websites.
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