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Recital 9

Recital 9

(9)Authorised CCPs are subject to ongoing supervision by the People’s Bank of China. Authorised CCPs must notify to the People’s Bank of China any amendments to the CCPs rules and any significant matter, including changes to the business range and the launch of new services, any changes to the risk management control and to emergency plans, any amendments to the articles of association, to internal procedures and internal policies, and any mergers and acquisitions. The People’s Bank of China must approve any such amendments or significant matters.

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