On July 14, 2014, secondary legislation was made and published which extends the Special Resolution Regime (“SRR”) under the Banking Act 2009 to recognized central counterparties (those clearing houses recognized under EMIR), systemically important investment firms and group companies. The secondary legislation comes into force on August 1, 2014.

The legislation is available at: http://www.legislation.gov.uk/uksi/2014/1847/pdfs/uksi_20141847_en.pdf.