The CCP’s competent authority or any other authority shall inform ESMA, the college, the relevant members of the ESCB and other relevant authorities without undue delay of any emergency situation relating to a CCP, including developments in financial markets, which may have an adverse effect on market liquidity and the stability of the financial system in any of the Member States where the CCP or one of its clearing members are established.
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New version applies from 01/01/2020 — introduced by Regulation (EU) 2019/2099.
45 provisions change.
Later versions: 18/06/2020, 11/02/2021, 13/02/2021, 28/06/2021, 12/08/2022, 24/12/2024, 17/01/2025.
Article 24 changes in this version: compare with the current text.
Article 24 - Emergency situations
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Article 24
Emergency situations