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Recital 24

Recital 24

(24)In order to strengthen their role, colleges should be able to provide opinions on additional supervisory areas of fundamental impact on a CCP's business operations, including on the assessment of shareholders and members with qualifying holdings of CCPs and the outsourcing of operational functions, services or activities. In addition, following a request by any member of the college, the college should be able to include in its opinions recommendations aimed at addressing shortcomings in a CCP's risk management and increasing its resilience, subject to a majority decision of the college. The vote of the college on the inclusion of such recommendations should be carried out separately from the vote of the college on the opinion. In order to reinforce the impact of college opinions and recommendations, the competent authorities should duly consider them and provide reasoning in cases of significant deviation from those opinions or recommendations.

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