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2013R0153_EN.2

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🔗 Back to Summary. 🇫🇷 French Version: 2013R0153_FR.2. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.

Article 1 – Definitions ⬅️ | ➡️ Article 3 – Governance arrangements

Article 2 - Information to be provided to ESMA for the recognition of a CCP

An application for recognition submitted by a CCP established in a third country shall contain at least the following information:

(a)

full name of the legal entity;

(b)

identities of the shareholders or members with qualifying holdings;

(c)

a list of the Member States in which it intends to provide services;

(d)

classes of financial instruments cleared;

(e)

details to be included in the ESMA website in accordance with 2012;

(f)

details of its financial resources, the form and methods in which they are maintained and the arrangements to secure them including default management procedures;

(g)

details on the margin methodology and for the calculation of the default fund;

(h)

a list of the eligible collateral;

(i)

a breakdown of values, in prospective form if needed, cleared by the applying CCP by each Union currency cleared;

(j)

results of the stress tests and back tests performed during the year preceding the date of application;

(k)

its rules and internal procedures with evidences of full compliance with the requirements applicable in that third country;

(l)

details of any outsourcing arrangements;

(m)

details on segregation arrangements and respective legal soundness and enforceability;

(n)

details on the CCP’s access requirements and terms for suspension and termination of membership;

(o)

details of any interoperability arrangement, including the information provided to the third country competent authority for the purpose of assessing the arrangement.

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