critical operations
nouncandidate·updated May 9, 2026
Any activity, function, process, or service, the loss of which, for even a short period of time, would materially affect the continued operation of an FMI, its participants, the market it serves, and/or the broader financial system.
Framework senses
- §1
- Any activity, function, process, or service, the loss of which, for even a short period of time, would materially affect the continued operation of an FMI, its participants, the market it serves, and/or the broader financial system.