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🔗 Back to Summary. 🇫🇷 French Version: 2023R0450_FR.1. Back to Summary of LVL1. Direct link to EUR-LEX.
Retour au sommaire ⬅️ | ➡️ Article 2 – Maximum share of the CCP’s annual profits that is to be used towards payments relating to instruments recognising a claim on future profits of the CCP
References LVL1 <=> LVL2
Level 1 reference(s): 2021R0023_EN.20 > 1# Article 1 - Order in which the recompense referred to in Article 20(1) of Regulation (EU) 2021/23 is to be paid
1.
A CCP that has been required by its competent authority, in accordance with 2021, to recompense non-defaulting clearing members shall recompense those clearing members pari passu
.
2.
A CCP that has been required by its competent authority to recompense its non-defaulting clearing members both in cash and through the distribution of instruments recognising a claim on the CCP’s future profits shall use exactly the same allocation scheme for all non-defaulting clearing members when determining which parts of that recompense shall be allocated in cash and non-cash recompense.
3.
Any profit-transfer agreement that may impair the profit level shall be reintegrated in the CCP’s profit amount.