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Home > Financial Stability > Applications


​The process for application varies with the legal framework under which application is sought.

Information is available for financial market infrastructure considering applications as a recognised payment system, as a recognised clearing house which is not authorised under European Market Infrastructure Regulation (EMIR), as a recognised central counterparty (an RCH which is authorised under EMIR) as an overseas central counterparty seeking approval of their default rules, as an approved operator under the Uncertificated Securities Regulations (USRs), or as a designated system under the Settlement Finality Directive. Information is also available for central counterparties making an application to temporarily exclude exchange-traded derivatives from the scope of requirements relating to non-discriminatory access, under Article 54(2) of the Markets in Financial Instruments Regulation (MiFIR).