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Article 10 - Awareness and commitment criteria

Article 10
Awareness and commitment criteria

The business reorganisation plan shall fulfil all of the following awareness and commitment criteria:

((a))

the senior management and the members of the board of the CCP shall acknowledge in writing that they are aware of and committed to the following:

((i))

the implementation of the business reorganisation plan;

((ii))

the appointment of one or more persons responsible for carrying out the business reorganisation plan and the identification of the individuals assigned to senior management roles of such departments;

((b))

the awareness, commitment, cooperation and support of the following key internal and external stakeholders to the business reorganisation plan shall be evidenced in writing:

((i))

the risk committee;

((ii))

the clearing members and their direct and indirect clients where possible to identify;

((iii))

the interoperable CCPs and critical service providers.

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