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🔗 Back to Summary. 🇫🇷 French Version: 2021R0023_FR.56. Open the PDF. Direct link to EUR-LEX.
Article 55 – Power to suspend certain obligations ⬅️ | ➡️ Article 57 – Power to temporarily suspend termination rights
Article 56 - Power to restrict the enforcement of security interests
1.
The resolution authority may prevent secured creditors of a CCP under resolution from enforcing security interests in relation to any assets of that CCP under resolution from the publication of the notice of the restriction in accordance with Article 72 until the end of the working day which follows that publication. For the purposes of the first subparagraph, the end of the working day shall mean midnight in the Member State of the resolution authority.
2.
The resolution authority shall not exercise the power referred to in paragraph 1 in relation to any security interest of systems or operators of systems designated for the purposes of Directive 98/26/EC, other CCPs, and central banks over assets pledged or provided by way of margin or collateral by the CCP under resolution.