New regulatory powers Financial market infrastructure: general rules and requirements Financial market infrastructure
In financial markets, there are various processes that need to be performed to complete each transaction. These processes are performed by several different types of entity, many of which are collectively referred to as financial market infrastructure (FMI).
	Each type of FMI performs a vital function in supporting financial markets. This ranges from collecting data on financial transactions, to performing unique services to enable firms active in financial markets to meet their regulatory obligations.
	These entities are regulated in a way that reflects these unique functions, recognising the significant impact that their failure or malfunction could have on the financial markets that they support. Many of the regulatory frameworks for FMI currently sit, in whole or in part, in retained EU law.