2022-11-25
Added · Updated
The European Commission establishes regulatory technical standards specifying the methodology for calculating and maintaining the additional amount of pre-funded dedicated own resources for central counterparties (CCPs). CCPs must calculate this additional amount by multiplying their risk-based capital requirements by a percentage level 'P' derived from specific risk and complexity parameters, unless they voluntarily apply the maximum 25% cap. The regulation mandates that CCPs replenish any shortfall in these resources within 20 working days and outlines procedures for recovering unavailable funds from non-defaulting clearing members, including interest payments if reimbursement exceeds 120 working days.
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Delegated regulation - 2023/840 - EN - EUR-Lex
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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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