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Recital 62

Recital 62

(62)The use by ESMA of its power to recognise a third-country CCP as a Tier 1 or a Tier 2 CCP should be deferred until the criteria to allow the assessment of: (a) whether or not a third-country CCP is systemically important or likely to become systemically important for the financial system of the Union or of one or more of its Member States; and (b) comparable compliance are further specified.

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