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Article 2 - Information to be provided to ESMA for the recognition of a CCP

Comparing 15/03/2013 → 15/06/2016: 0 added, 0 removed, 15 changed Close comparison

An application for recognition submitted by a CCP established in a third country shall contain at least the following information:

(a)((a)) full name of the legal entity;

(b)((b)) identities of the shareholders or members with qualifying holdings;

(c)((c)) a list of the Member States in which it intends to provide services;

(d)((d)) classes of financial instruments cleared;

(e)((e)) details to be included in the ESMA website in accordance with Article 88(1)(e) of Regulation (EU) No 648/2012;

(f)((f)) details of its financial resources, the form and methods in which they are maintained and the arrangements to secure them including default management procedures;

(g)((g)) details on the margin methodology and for the calculation of the default fund;

(h)((h)) a list of the eligible collateral;

(i)((i)) a breakdown of values, in prospective form if needed, cleared by the applying CCP by each Union currency cleared;

(j)((j)) results of the stress tests and back tests performed during the year preceding the date of application;

(k)((k)) its rules and internal procedures with evidences of full compliance with the requirements applicable in that third country;

(l)((l)) details of any outsourcing arrangements;

(m)((m)) details on segregation arrangements and respective legal soundness and enforceability;

(n)((n)) details on the CCP’s access requirements and terms for suspension and termination of membership;

(o)((o)) details of any interoperability arrangement, including the information provided to the third country competent authority for the purpose of assessing the arrangement.

Official text · consolidated version 15/06/2016 (no longer in force) Open full page ↗
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