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🔗 Back to Summary. 🇫🇷 French Version: 2013R0152_FR.5. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
2012 ⬅️ | ➡️ Article 6 – This Regulation shall enter into force on the twentieth day following that of its publication in the
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Level 1 reference(s): 2012R0648_EN.16
Article 5 - Capital requirements for business risk
1.
The CCP shall submit to the competent authority for approval in accordance with that competent authority’s powers under Title III of Regulation (EU) No 648/2012 its own estimate of the capital necessary to cover losses resulting from business risk based on reasonably foreseeable adverse scenarios relevant to its business model.
2.
The capital requirement for business risk shall be equal to the approved estimate and shall be subject to a minimum amount of 25 % of its annual gross operational expenses. For the purposes of this Article, gross operational expenses shall be considered in accordance with Article 2(4).