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🔗 Back to Summary. 🇫🇷 French Version: 2017R0581_FR.2. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 1 – Conditions on the denial of access by a CCP ⬅️ | ➡️ Article 3 – Denial of access by a CCP based on operational risk and complexity
Article 2 - Denial of access by a CCP based on the anticipated volume of transactions
A CCP may deny an access request on grounds of the anticipated volume of transactions arising from such access only where this would result in one of the following:
(a)
the scalable design of the CCP being exceeded to such an extent that the CCP cannot adapt its systems so as to deal with the anticipated volume of transactions;
(b)
the planned capacity of the CCP being exceeded in a way that the CCP would not be able to acquire the required extra capacity to clear the anticipated volume of transactions.