◷
New version applies from 29/11/2022 — introduced by Commission Delegated Regulation (EU) 2022/2311.
9 provisions change.
Later versions: 07/03/2024.
Commission Delegated Regulation (EU) No 153/2013
15/03/2013 → 15/06/2016: 0 inserted · 0 removed · 59 amended · 0 moved · 3 renamed · 67 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Recitals · 60 unchanged
Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51 · Recital 52 · Recital 53 · Recital 54 · Recital 55 · Recital 56 · Recital 57 · Recital 58 · Recital 59 · Recital 60
Chapter I - GENERAL
- amended Article 1 - Definitions Chapter I
Chapter II - RECOGNITION OF THIRD COUNTRY CCPs (Article 25 of Regulation (EU) No 648/2012)
- amended Article 2 - Information to be provided to ESMA for the recognition of a CCP Chapter II
Chapter III - ORGANISATIONAL REQUIREMENTS (Article 26 of Regulation (EU) No 648/2012)
- amended Article 3 - Governance arrangements Chapter III
- amended Article 4 - Risk management and internal control mechanisms Chapter III
- amended Article 5 - Compliance policy and procedures Chapter III
- amended Article 6 - Compliance function Chapter III
- amended Article 7 - Organisational structure and separation of the reporting lines Chapter III
- amended Article 8 - Remuneration policy Chapter III
- amended Article 9 - Information technology systems Chapter III
- amended Article 10 - Disclosure Chapter III
- amended Article 11 - Internal auditing Chapter III
Chapter IV - RECORD KEEPING (Article 29 of Regulation (EU) No 648/2012)
- amended Article 12 - General requirements Chapter IV
- amended Article 13 - Transaction records Chapter IV
- amended Article 14 - Position records Chapter IV
- amended Article 15 - Business records Chapter IV
Chapter IV · 1 unchanged
Chapter V - BUSINESS CONTINUITY (Article 34 of Regulation (EU) No 648/2012)
- amended Article 17 - Strategy and policy Chapter V
- amended Article 18 - Business impact analysis Chapter V
- amended Article 19 - Disaster recovery Chapter V
- amended Article 20 - Testing and monitoring Chapter V
- amended Article 21 - Maintenance Chapter V
- amended Article 22 - Crisis management Chapter V
- amended Article 23 - Communication Chapter V
Chapter VI - MARGINS (Article 41 of Regulation (EU) No 648/2012)
- amended Article 24 - Percentage Chapter VI
- amended Article 25 - Time horizon for the calculation of historical volatility Chapter VI
- amended Article 26 - Time horizons for the liquidation period Chapter VI
- amended Article 27 - Portfolio margining Chapter VI
- amended Article 28 - Procyclicality Chapter VI
Chapter VII - DEFAULT FUND (Article 42 of Regulation (EU) No 648/2012)
- amended Article 29 - Framework and governance Chapter VII
- amended Article 30 - Identifying extreme but plausible market conditions Chapter VII
Chapter VII · 1 unchanged
Chapter VIII - LIQUIDITY RISK CONTROLS (Article 44 of Regulation (EU) No 648/2012)
- amended Article 32 - Assessment of liquidity risk Chapter VIII
- amended Article 33 - Access to liquidity Chapter VIII
- amended Article 34 - Concentration risk Chapter VIII
Chapter IX - DEFAULT WATERFALL (Article 45 of Regulation (EU) No 648/2012)
Chapter X - COLLATERAL (Article 46 of Regulation (EU) No 648/2012)
- amended Article 38 - Cash collateral Chapter X
- amended Article 40 - Valuing collateral Chapter X
- amended Article 41 - Haircuts Chapter X
- amended Article 42 - Concentration limits Chapter X
Chapter X · 2 unchanged
Chapter XI - INVESTMENT POLICY (Article 47 of Regulation (EU) No 648/2012)
- amended Article 44 - Highly secured arrangements for the deposit of financial instruments Chapter XI
- amendedrenamed Article 45 - Highly secured arrangements maintaining cash Chapter XI was “Article 45 - Concentration limits”
- amended Article 45 - Concentration limits Chapter XI
Chapter XI · 2 unchanged
Chapter XII - REVIEW OF MODELS, STRESS TESTING AND BACK TESTING (Article 49 Regulation (EU) No 648/2012)
- amended Article 47 - Model Validation Chapter XII › Section 1
- amended Article 48 - Testing programmes Chapter XII › Section 1
- amended Article 49 - Back testing procedure Chapter XII › Section 2
- amended Article 50 - Sensitivity testing and analysis procedure Chapter XII › Section 3
- amended Article 51 - Stress testing procedure Chapter XII › Section 4
- amended Article 52 - Risk factors to stress test Chapter XII › Section 4
- amended Article 53 - Stress testing total financial resources Chapter XII › Section 4
- amended Article 54 - Stress testing liquid financial resources Chapter XII › Section 4
- amended Article 55 - Maintaining sufficient coverage Chapter XII › Section 5
- amended Article 56 - Review of models using test results Chapter XII › Section 5
- amended Article 57 - Reverse stress tests Chapter XII › Section 6
- amended Article 58 - Testing default procedures Chapter XII › Section 7
- amended Article 59 - Frequency Chapter XII › Section 8
- amended Article 60 - The time horizons Chapter XII › Section 9
- amended Article 61 - Information to be publicly disclosed Chapter XII › Section 10
- amended Article 62 - Entry into force and application Chapter XII › Section 10
Annexes
- amendedrenamed Annex I - Conditions applicable to financial instruments, bank guarantees and gold considered as highly liquid collateral was “Annex I”
- amendedrenamed Annex II - Conditions applicable to highly liquid financial instruments was “Annex II”