Maintaining a firm’s continued access in resolution to clearing, payment, securities settlement and custody services – whether through direct participation or indirectly through correspondent banks – is essential to restoring stability and market confidence and ensuring that the firm’s critical functions can be maintained without disruption. This consultative document proposes a set of arrangements to support continued access to FMIs by a firm in resolution. Those arrangements apply at the level of the providers of critical FMI services, at the level of FMI participants and at the level of the relevant resolution and FMI authorities.

The consultative document builds on Part II of II-Annex 1 of the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, which sets out objectives for FMI participants and FMI rules and procedures to manage the resolution of a participant. It should also be read in conjunction with the FSB’s Guidance on Arrangements to Support Operational Continuity in Resolution. Public comments are welcome by 10 February 2017 and should be sent to