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The Financial Markets and Insolvency (Settlement Finality) Regulations 1999

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This is the original version (as it was originally made).

Indirect participants treated as participants

9.—(1) A designating authority may treat—

(a)an indirect participant as a participant in a designated system, or

(b)a class of indirect participants as participants in a designated system,

where it considers this to be required on grounds of systemic risk, and shall give written notice of any decision to that effect to the designated system.

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