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🔗 Back to Summary. 🇫🇷 French Version: 2026R0305_FR.3. Back to Summary of LVL1. Direct link to EUR-LEX.
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 4 – Representativeness obligation for interest rate OTC derivatives denominated in euro
Article 3 - Stress-testing of the operational conditions of the active account
The stress testing referred to in Article 7a(4), fourth subparagraph of Regulation (EU) No 648/2012 shall consist of technical and functional tests that verify the operational capacity and the functioning of the IT connectivity with the CCP, directly or indirectly, with the clearing member or client providing client clearing services in accordance with Article 1.
Those technical and functional tests shall demonstrate to the competent authority that the account of the counterparty can withstand a substantial increase in clearing activity as referred to in Article 2(1), points (d) and (e).
The tests shall take place annually.