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Regulation (EU) 2021/23

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

critical functions

Defined in Article 2, Regulation (EU) 2021/23

Definitions over time (1)

04/07/2020 – today applies on 12/11/2026 Article 2, Regulation (EU) 2021/23 Scope: Whole act

For the purposes of this Regulation the following definitions apply:

‘critical functions’ means activities, services or operations provided to third parties external to the CCP the discontinuance of which is likely to lead to the disruption of services that are essential to the real economy or to disrupt financial stability in one or more Member States due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of a CCP, with particular regard to the substitutability of those activities, services or operations;

Used in (36 places in 25 provisions on 12/11/2026)

Regulation (EU) 2021/23 (36 in 25)

Recital 5 · Recital 6 · Recital 7 · Recital 28 · Recital 30 · Recital 37 · Recital 41 · Recital 42² · Recital 50 · Recital 60 · Recital 74 · Article 2 · Article 7 · Article 9² · Article 10 · Article 12⁵ · Article 15 · Article 16² · Article 18² · Article 21 · Article 22 · Article 27 · Article 42 · Article 43 · Annex 1⁴