Article 25p — Withdrawal of recognition — compare
Showing 3 of 3Release 10 Nov 2026Details
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- Release 2d86bd12 published 10 Nov 2026, 17:06 CET. Verified against EUR-Lex on 9 Nov 2026.
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- 12 August 2022 · Consolidated version of 12 August 2022 · Verified 9 Nov 2026 · Official source
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- 11 November 2026 · Consolidated version of 24 December 2024 · Verified 9 Nov 2026 · Official source
25p(1)(c)
(c)the CCP concerned has seriously and systematically infringed any of the conditions for recognitionapplicable requirements laid down in Article 25this Regulation or no longer complies with any of thosethe conditions and in any of those situations for recognition laid down in Article 25, and has not taken the remedial action requested by ESMA within an appropriately set timeframe of up to a maximum of six monthsone year;
25p(2)
2.Before withdrawing the recognition in accordance with point (c) of paragraph 1 of this Article, point (c), ESMA shall take into account the possibility of applying measures under Article 25q(1), points (a), (b) and (c) of Article 25q(1).
If ESMA determines that remedial action within the set timeframe of up to a maximum of six months underhas not been taken within the timeframe set in accordance with paragraph 1, point (c) of the first subparagraph of paragraph 1, of this Article has not been taken or that the action taken is not appropriate, and after consulting the authorities referred to in Article 25(3), ESMA shall withdraw the recognition decision.