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Recital 11

Recital 11

(11)To ensure the appropriateness of the business reorganisation plan, the competent authority and the resolution authority should, when assessing the plan, verify that it preserves the critical functions of the CCP, and takes into account the specific characteristics of the CCP, including the nature of its clearing activities, the structure of the clearing market, and the interdependencies with other stakeholders including clearing members, trading venues or critical service providers. While making sure that all required details are included, the resolution authority should also assess that the business reorganisation plan is sufficiently concise and clear to allow it to be implemented swiftly.

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