+Article 17a 1.

Article 17a 1.

An accelerated procedure for authorisation of an extension of authorisation shall apply where a CCP intends to extend its business to additional services or activities as referred to in Article 15 and where such extension fulfils all of the following conditions:

(a) 

it does not result in the CCP needing to adapt significantly its operational structure at any point in the contract cycle;

(b) 

it does not include offering the clearing of contracts that cannot be liquidated in the same manner as or together with contracts already cleared by the CCP;

(c) 

it does not result in the CCP needing to take into account material new contract specifications;

(d) 

it does not result in the introduction of material new risks or significantly increase the CCP’s risk profile;

(e) 

it does not include offering a new settlement or delivery mechanism or service which involves establishing links with a different securities settlement system, central securities depository or payment system which the CCP did not previously use.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards