Bank of England consolidated rulebook for central counterparties (CCPs)

The Bank has published binding rules for CCPs that are Recognised Clearing Houses, that cover: 

• Appointment and resignation of key individuals
• Extent of duty and notice requirements for proposal to make regulatory provisions
• Fees in respect of expert reports
• Notification of incidents 
• The Fundamental Rules collectively set out the Bank’s expectations for FMIs across financial and operational resilience, governance, and regulatory engagement. They are consistent with and sit alongside the more detailed elements of the regulatory framework for FMIs. They are accompanied by a supervisory statement offering further guidance for FMIs. 
  
  Bank of England FMI Rulebook: Fundamental Rules for UK Central Counterparties and UK Central Securities Depositories Instrument 2025

Recognised Clearing Houses Rules

Recognised Clearing Houses Rules Instrument 2013

Recognised Clearing Houses Rules Instrument 2015

Recognised Clearing House Rules Instrument 2018

The operational incident and outsourcing and third-party reporting (IOREP) rules set out requirements for the reporting of the most impactful operational incidents and outsourcing arrangements. They are accompanied by supervisory statements offering further guidance for FMIs on incident

Operational resilience: operational incident reporting for FMIs and outsourcing reporting

Updated outsourcing and third-party risk management: central counterparties

IOREP rule instrument (into force on 18 March 2027)