+Article 62 Safeguard for shareholders, clearing members and other creditors

Article 62 Safeguard for shareholders, clearing members and other creditors

Article 62

Safeguard for shareholders, clearing members and other creditors

Where, in accordance with the valuation carried out under Article 61, any shareholder, clearing member or other creditor has incurred greater losses than it would have incurred had the resolution authority not taken resolution action in relation to the CCP and had the CCP instead been wound up under normal insolvency proceedings, following the full application of the applicable contractual obligations or other arrangements in its operating rules, that shareholder, clearing member or other creditor shall be entitled to the payment of the difference.

1. Overview

Summary	Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

Builddate: 22.01.2021 00:00:00 -Doknr: CELEX:32021R0023
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