(5)A business reorganisation plan may include, where relevant, measures to reorganise and restructure the activities of the CCP, changes to the CCP’s operational system and infrastructure, or changes to the CCP’s risk management. To ensure the relevance of each measure, the business reorganisation plan should include a detailed presentation, taking into account the impact of the proposed measures on the CCP’s activities, clearing members and third-party providers, and demonstrating how that measure will restore the long-term viability of the CCP. In particular, to demonstrate that the CCP will remain compliant with the organisational and prudential requirements set out in Title IV of Regulation (EU) No 648/2012 of the European Parliament and of the Council 2 , any change to the CCP’s risk management should be detailed and assessed in the business reorganisation plan.
Recital 5
- 2 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories ( OJ L 201, 27.7.2012, p. 1 ). ↩