Open on EUR-Lex ↗
◷
New version applies from 15/06/2016 — introduced by Commission Delegated Regulation (EU) 2016/822. 59 provisions change. Later versions: 29/11/2022, 07/03/2024. Article 2 changes in this version: compare with the current text.

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

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

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

((a))

full name of the legal entity;

((b))

identities of the shareholders or members with qualifying holdings;

((c))

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

((d))

classes of financial instruments cleared;

((e))

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

((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))

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

((h))

a list of the eligible collateral;

((i))

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

((j))

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

((k))

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

((l))

details of any outsourcing arrangements;

((m))

details on segregation arrangements and respective legal soundness and enforceability;

((n))

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

((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 · the act as published Open full page ↗
12 queries · page built in 14 msInventory f82bbfa3