Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport końcowy - Projekt regulacyjnych standardów technicznych doprecyzowujący czynniki, które są uwzględniane przez właściwy organ i kolegium organów nadzoru podczas oceny planu naprawczego CCP (art. 10 ust. 12 rozporządzenia CCPRRR)

31 January 2022

ESMA91-372-1703

Final Report

Draft RTS further specifying the factors that shall be considered by the competent authority and the supervisory college when assessing the CCP recovery plan (Article 10(12) of CCPRRR)

1 Executive Summary

Reasons for publication

Article 9(1) of Regulation (EU) 2021/23 (‘CCPRRR’) sets out an obligation for central counterparties (CCPs) to draw up and maintain a recovery plan providing for measures to be taken in the case of both default and non-default events and combinations of both, in order to restore their financial soundness, without any extraordinary public financial support, and allow them to continue to provide critical functions following a significant deterioration of their financial situation or a risk of breaching their capital and prudential requirements under Regulation (EU) No 648/2012 (‘EMIR’).

Article 10(2) of CCPRRR then sets out an obligation for the CCP’s competent authority to review the recovery plan and assess the extent to...