RegAlert2022-11-25
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Commission Delegated Regulation (EU) 2023/451 specifying factors for assessing central counterparty recovery plans
The European Commission adopted Delegated Regulation (EU) 2023/451 to specify the factors competent authorities and supervisory colleges must consider when assessing the recovery plans of central counterparties (CCPs). The regulation mandates detailed evaluations across nine areas, including capital structure, default waterfalls, organizational complexity, substitutability of activities, risk profiles, preparedness, business models, communication, and impacts on clearing members and linked infrastructures. These requirements apply to the assessment process for CCPs within the European Union to ensure the adequacy and feasibility of their recovery measures.
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2022-11-25
Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties (Text with EEA relevance) SOURCE https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R0451 Skip to main content EUR-Lex Access to European Union law This document is an excerpt from the EUR-Lex website You are here EUROPA EUR-Lex home Delegated regulation - 2023/451 - EN - EUR-Lex Help Quick search Use quotation marks to search for an "exact phrase". Append an asterisk ( * ) to a search term to find variations of it (transp * , 32019R * ). Use a question mark ( ? ) instead of a single character in your search term to find variations of it (ca ? e finds case, cane, care). Search tips Need more search options? Use the Advanced search Document 32023R0451 Help Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties (Text with EEA relevance) Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties (Text with EEA relevance) Commission Delegated Regulation (EU) 2023/451 of 25 November 2022 specifying the factors to be taken into consideration by the competent authority and the supervisory college when assessing the recovery plan of central counterparties (Text with EEA relevance) C/2022/8435 OJ L 67, 3.3.2023, pp. 7–16 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV) In force ELI: http://data.europa.eu/eli/reg_del/2023/451/oj Official Journal Language 1 European Commission EUROPEAN UNION
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Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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