Glossary

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Term Definition Legal instruments

excluded person

01/06/2016

THIS DEFINITION ONLY APPLIES TO THE STAY IN RESOLUTION PART

means:

(a) a person who has been declared to be, or who is an operator of, a designated system under regulation 4 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999,

(b) a person who has been designated by an EEA State as a system under Article 2(a) of the Directive 98/26/EC of the European Parliament and of the Council on settlement finality in payment and securities settlement systems or an operator of such a system,

(c) an exchange, other trading facility, payment system, settlement system or other financial market utility or infrastructure established in a third country not within (a) or (b),

(d) a central counterparty

(e) a central bank, or

(f) a central government (including any agency or branch of a central government).

Instruments