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New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD). 104 provisions change. Later versions: 25/06/2015, 16/09/2015, 12/01/2016, 03/01/2017, 01/04/2017, 30/06/2017, 01/01/2019, 17/06/2019, 18/12/2019, 01/01/2020, 18/06/2020, 11/02/2021, 13/02/2021, 28/06/2021, 12/08/2022, 24/12/2024, 17/01/2025. Recital 62 changes in this version: compare with the current text.

Recital 62

Recital 62

(62)A CCP may outsource functions. The CCP’s risk committee should advise on such outsourcing. Major activities linked to risk management should not be outsourced unless this is approved by the competent authority.

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