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🔗 Back to Summary. 🇫🇷 French Version: 2026R0305_FR.1. Back to Summary of LVL1. Direct link to EUR-LEX.
Retour au sommaire ⬅️ | ➡️ Article 2 – Requirements for the operational capacity of the counterparty to support a large increase in clearing activity and a large flow of transactions in a short period of time
Article 1 - Requirements for the contractual arrangements, policies and procedures and the IT connectivity
Counterparties subject to the obligation set out in Article 7a(3), point (a), of Regulation (EU) No 648/2012 shall demonstrate to their competent authorities that they have in place:
(a)
a contractual arrangement, detailing how an active account with an authorised CCP can be accessed and used, including in relation to cash and collateral accounts, either directly, through a clearing member or through a client providing client clearing services in the categories of derivative contracts referred to in 2012;
(b)
internal policies and procedures pertaining to the contractual arrangements referred to in point (a);
(c)
an IT environment sufficient to connect to the active account either directly with an authorised CCP, or through a clearing member or a client providing client clearing services and withstand the volumes mandated by that Regulation.