+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. Forbhreathnú

,

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin