Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the ... (32023R0451)
Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties (Text with EEA relevance)
- COMMISSION DELEGATED REGULATION (EU) 2023/451
- of 25 November 2022
- specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties
- (Text with EEA relevance)
- Article 1
- Assessment of a CCP’s capital structure and financial risk
- Article 2
- Assessment of a CCP’s default waterfall
- Article 3
- Assessment of the organisational structure of a CCP
- Article 4
- Assessment of the substitutability of a CCP’s activities
- Article 5
- Assessment of the risk profile of a CCP
- Article 6
- Assessment of the risk profile of the CCP in relation to the CCP preparedness
- Article 7
- Assessment of the risk profile of the CCP in relation to the business model
- Article 8
- Assessment of the overall impact on certain entities in relation to a CCP’s communication and disclosure plan
- Article 9
- Assessment of the overall impact of a CCP’s recovery plan on clearing members, their clients, and indirect clients
- Article 10
- Assessment of the overall impact of a CCP’s recovery plan on linked FMIs
- Article 11
- Assessment of the overall impact of a CCP’s recovery plan on financial markets, including trading venues, served by the CCP
- Article 12
- Assessment of the overall impact of a CCP’s recovery plan on the financial system of any Member State and of the Union as a whole
- Article 13
- Incentives
- Article 14
- Entry into force
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