+Article 54 2

Article 54 2

2.   A crisis prevention measure or a resolution action referred to in paragraph 1 shall not be used to:

(a)

exercise any termination, suspension, modification, netting or set-off rights, including in relation to a contract entered into by any entity of the group to which the CCP belongs which includes cross-default provisions or obligations which are guaranteed or otherwise supported by any group entity;

(b)

obtain possession, exercise control or enforce any security over any property of the CCP concerned or any group entity in relation to a contract which includes cross-default provisions; or

(c)

affect any contractual rights of the CCP concerned or any group entity in relation to a contract which includes cross-default provisions.

1. Prezentare generală

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Titlu Reglementare

1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe
Sursă Cerință

3. Standarde asociate

Standarde
Sursă Cerință