The Bank can make rules that apply to CSDs. The Bank’s consolidated rulebook for CSDs sets out those rules that are currently in force, those that are due to enter into force, and those that are no longer in force. Please see the Bank’s CSD policy and rules page for further information on requirements and guidance applicable to CSDs.
Bank of England rules for CSDs
| In force | Due to enter into force | No longer in force |
| 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 (into force on 18 July 2026) |
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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) |