+Article 22 3

Article 22 3

3.   For the purposes of point (a) of paragraph 1, a CCP shall be deemed to be failing or likely to fail where one or more of the following circumstances apply:

(a)

the CCP infringes, or is likely to infringe, its authorisation requirements in a way that would justify the withdrawal of its authorisation pursuant to Article 20 of Regulation (EU) No 648/2012;

(b)

the CCP is unable, or is likely to be unable, to provide a critical function;

(c)

the CCP is unable, or is likely to be unable, to restore its viability through the implementation of its recovery measures;

(d)

the CCP is unable, or is likely to be unable, to pay its debts or other liabilities as they fall due;

(e)

the CCP requires extraordinary public financial support.

1. Vue d’ensemble

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Intitulé Réglementation

1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences
Source Exigence

3. Normes associées

Normes
Source Exigence