# The Financial Markets and Insolvency (Settlement Finality) Regulations 1999, Regulation 10: Provision of information by designated systems


(1) The system operator of a designated system governed by the law of the United Kingdom shall, when that system is declared to be a designated system, provide to the designating authority in writing a list of the participants (including the indirect participants) in the designated system and shall give written notice to the designating authority of any amendment to the list within seven days of such amendment.
(1A) The system operator of a designated system governed by the law of a third country must, when that system is declared to be a designated system—
(a) provide to the designating authority in writing a list of any participants in the designated system that are established in the United Kingdom (including any indirect participants in the designated system that are established in the United Kingdom); and
(b) give written notice to the designating authority of any amendment to that list within 7 days of such amendment.
(2) The designating authority may, in writing, require the system operator of a designated system to furnish to it such other information relating to that designated system as it reasonably requires for the exercise of its functions under these Regulations, within such time, in such form, at such intervals and verified in such manner as the designating authority may specify.
(3) When the system operator of a designated system amends, revokes or adds to its rules or its guidance, it shall within fourteen days give written notice to the designating authority of the amendment, revocation or addition.
(4) The system operator of a designated system governed by the law of the United Kingdom shall give the designating authority at least three months’ written notice of any proposal to amend, revoke or add to its default arrangements.
(4A) The designating authority may, if it considers it appropriate, agree a shorter period of notice.
(4B) When the system operator of a designated system governed by the law of a third country amends, revokes or adds to its default arrangements, it must within 7 days give written notice to the designating authority of the amendment, revocation or addition.
(5) Nothing in this regulation shall require the system operator of a designated system governed by the law of the United Kingdom to give any notice or furnish any information to the FCA or the Bank of England where the notice or information has already been given or furnished to the FCA or the Bank of England (as the case may be) pursuant to any requirement imposed by or under section 293 of the 2000 Act (notification requirements) or any other enactment.

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Source: https://www.legislation.gov.uk/uksi/1999/2979/regulation/10 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-settlement-finality-regulations-1999/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.