On 5 December 2023, HM Treasury published the Resolution of Central Counterparties (CCPs) (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (SI 2023/1313).

This statutory instrument relates to the introduction of a new special resolution regime for CCPs in Schedule 11 of the Financial Services and Markets Act 2023 (c. 29) (FSMA 2023). This instrument amends corporate law, as defined in FSMA 2023, and makes the necessary consequential amendments to ensure that the CCP resolution regime functions as intended.

SI 2023/1313 comes into force on 31 December 2023.