II-Annex 1: Resolution of Financial Market Infrastructures ...

II-Annex 1 Resolution of Financial Market Infrastructures (FMIs) and FMI Participants Excerpt from Key Attributes of Effective Resolution Regimes for Financial Institutions II-Annex 1: Resolution of Financial Market Infrastructures (FMIs). and FMI Participants Part I of this Annex ( Resolution of Financial Market Infrastructures ) provides guidance on the implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions (the Key Attributes', KAs) in relation to Resolution regimes for systemically important FMIs. Part II of this Annex ( Resolution of FMI Participants ) deals with the Resolution of FMI. participants that could be systemically significant or critical in the event of failure. I. Resolution of Financial Market Infrastructures The Key Attributes state that FMIs defined to include payment systems, central securities depositories (CSDs), securities settlement systems (SSSs), central counterparties (CCPs) and trade repositories (TRs) should be subject to Resolution regimes that apply the objectives and provisions of the Key Attributes in a manner appropriate to FMIs and their critical role i

II-Annex 1 – Resolution of Financial Market Infrastructures (FMIs) and FMI Participants . FMIs to establish explicit rules and procedures that address fully any credit losses they may

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