multi-level client structure
Defined in Article 300, Capital Requirements Regulation (CRR)
Definitions over time (1)
-
29/06/2021 – today applies on 12/11/2026 Article 300, Capital Requirements Regulation (CRR) Scope: Part III Title II Chapter 6 Section 9
For the purposes of this Section and of Part Seven, the following definitions apply:
‘multi-level client structure’ means an indirect clearing arrangement under which clearing services are provided to an institution by an entity which is not a clearing member, but is itself a client of a clearing member or of a higher-level client;