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Settlement Finality Notification: Insolvency

The CLS settlement system is a UK designated system under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (as amended), (the “UK Settlement Finality Regulations”). UK Settlement Finality Regulation 22 requires that a court making an order for bankruptcy, sequestration, administration, or winding-up in respect of a participant in a designated system to notify both the system and the Bank of England as designating authority forthwith. To comply with the Regulation, please click here for CLS Member insolvency notifications contact information.

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