MIR 4.7.4

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

A Recognised Clearing House should prepare appropriate plans for resumption of its operations in such scenarios and, where it is not possible to do so, for an orderly wind- down of the operations of the Recognised Clearing House premised on the results of such assessments. Such procedures should also include appropriate early notification to the Regulator and other regulators as appropriate.