+Article 7 (a)
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Article 7 (a)
the effectiveness and proportionality of any decision or action in relation to an individual CCP are ensured, taking into account at least the following factors:
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(i)
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the CCP’s legal form, ownership and organisational structure, including, where applicable, any interdependencies within the group to which the CCP belongs;
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(ii)
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the nature, size and complexity of the CCP’s business, in particular the size, structure and liquidity in stressed conditions of the markets it serves;
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(iii)
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the structure, nature and diversity of the CCP’s clearing membership, as well as, to the extent the information is available, of its clearing members’ network of clients and indirect clients;
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(iv)
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the substitutability of the CCP’s critical functions in the markets it serves;
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(v)
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the CCP’s interconnectedness with other FMIs, trading venues, financial institutions and with the financial system in general;
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(vi)
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whether the CCP clears any OTC derivative contract pertaining to a class of OTC derivatives that has been declared subject to the clearing obligation in accordance with Article 5(2) of Regulation (EU) No 648/2012; and
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(vii)
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the actual or potential consequences of the infringements referred to in Articles 18(1) and 22(2).
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1. Panoramica
| Titolo |
Regolamentazione |
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1.1 Riferimenti
1.2 Requisiti identificati
1.3 Standard correlati
2. Requisiti identificati
Requisiti
| Fonte |
Requisito |
3. Standard correlati
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