Regulatory Alerts2022-11-25
Added · Updated
Commission Delegated Regulation (EU) 2023/450 on CCP recompense standards
The European Commission establishes regulatory technical standards specifying that central counterparties (CCPs) must recompense non-defaulting clearing members pari passu using identical allocation schemes for cash and profit-claim instruments. The regulation caps annual recompense payments from future profits at 70% of the CCP's annual profit and limits the duration of such payments to a maximum of 10 years. These rules supplement Regulation (EU) 2021/23 and entered into force on 22 March 2023.
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