Preamble
Recitals 96
Title I - SUBJECT MATTER AND DEFINITIONS (Article 1-2) 2
Title II - AUTHORITIES, RESOLUTION COLLEGE AND PROCEDURES (Article 3-8) 6
Title III - PREPARATION (Article 9-17) 9
Title IV - EARLY INTERVENTION (Article 18-20) 3
Title V - RESOLUTION (Article 21-75) 55
Title VI - RELATIONS WITH THIRD COUNTRIES (Article 76-80) 5
Title VII - ADMINISTRATIVE MEASURES AND PENALTIES (Article 81-85) 5
Title VIII - AMENDMENTS TO REGULATIONS (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 AND (EU) 2015/2365 AND DIRECTIVES 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU AND (EU) 2017/1132 (Article 86-95) 10
Title IX - FINAL PROVISIONS (Article 96-97) 2
Annexes 1
- Annex 1

default event

Definitions over time (1)

04/07/2020 – today applies on 11/11/2026 Article 2, Regulation (EU) 2021/23 Scope: Whole act

For the purposes of this Regulation the following definitions apply:

‘default event’ means a scenario in which the CCP has declared in default: one or more clearing members in accordance with the procedure set out in Article 48 of Regulation (EU) No 648/2012; or one or more interoperable CCPs in accordance with the relevant contractual arrangements or with the procedure set out in Article 52 of Regulation (EU) No 648/2012;