Glossary

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Term Definition Legal instruments

excluded person

31/12/2020

THIS DEFINITION ONLY APPLIES TO THE STAY IN RESOLUTION PART

The changes to this defined term are effective from 23:00 on 31/12/2020.

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) [deleted.]

(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),

(d) a central counterparty

(e) a central bank, or

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