{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2012-07-27","gaps":[],"covered":["EMIR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/articles/51","url":"https://www.headlesslaw.com/emir/articles/51","title":"Article 51 — Interoperability arrangements","family":"l1_generated","work_id":"emir","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":null,"application":null,"version_label":"Consolidated version of 12 August 2022","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117","valid_from":"2022-08-12","valid_until":null,"revision":1,"content_id":"23126235076fa024","change_date":null,"nearest_versions":["2012-07-27","2022-08-12"],"first_text_date":"2012-07-04","correction_applies":false,"versions":["2012-07-27","2022-08-12"],"version_url":"https://www.headlesslaw.com/emir/articles/51/versions/2022-08-12","revision_url":"https://www.headlesslaw.com/emir/articles/51/versions/2022-08-12/rev/23126235076fa024","versions_url":"https://www.headlesslaw.com/emir/articles/51/versions","relations_url":"https://www.headlesslaw.com/emir/articles/51/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"c2c519fdc50a24a3a6db80ff02fef331fe08c183ac6cb8f23221e41903a2657e","markdown_sha256":"09c5298a01ae3081e85866bd9a985d32590fa30657e861f1e5d2f8991479b562"},"units":[{"locator":"emir/art/51","kind":"article","status":"in_force","label":null,"heading":"Interoperability arrangements","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"emir/art/51/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"A CCP may enter into an interoperability arrangement with another CCP where the requirements laid down in Articles 52, 53 and 54 are fulfilled.","marks":[],"revision":1,"text_hash":"5cd50c53ad6048f780e50a4400ffb2da67a664b2f3e78e29152aa17795a9dcab","reason":null},{"locator":"emir/art/51/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"When establishing an interoperability arrangement with another CCP for the purpose of providing services to a particular trading venue, the CCP shall have non-discriminatory access, both to the data that it needs for the performance of its functions from that particular trading venue, to the extent that the CCP complies with the operational and technical requirements established by the trading venue, and to the relevant settlement system.","marks":[],"revision":1,"text_hash":"869c812ce9b8033d6db87c11fafb6cedfe314aa0847a58b2e4c3f2deae5b7981","reason":null},{"locator":"emir/art/51/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Entering into an interoperability arrangement or accessing a data feed or a settlement system referred to in paragraphs 1 and 2 shall be rejected or restricted, directly or indirectly, only in order to control any risk arising from that arrangement or access.","marks":[],"revision":1,"text_hash":"890661bce986a163b01e18e7016c4edbc0c38706d9d4eac0fea10e65a52f876c","reason":null}],"markdown":"*In force · Consolidated version of 17 January 2025 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117)*\n\n1. <a id=\"p-1\"></a>A CCP may enter into an interoperability arrangement with another CCP where the requirements laid down in [Articles 52](52.md), [53](53.md) and [54](54.md) are fulfilled.\n2. <a id=\"p-2\"></a>When establishing an interoperability arrangement with another CCP for the purpose of providing services to a particular trading venue, the CCP shall have non-discriminatory access, both to the data that it needs for the performance of its functions from that particular trading venue, to the extent that the CCP complies with the operational and technical requirements established by the trading venue, and to the relevant settlement system.\n3. <a id=\"p-3\"></a>Entering into an interoperability arrangement or accessing a data feed or a settlement system referred to in paragraphs 1 and 2 shall be rejected or restricted, directly or indirectly, only in order to control any risk arising from that arrangement or access.\n\n***\n\n[Title V — Interoperability arrangements](../titles/v.md) · [← Article 50d](50d.md) · [Article 52 →](52.md)\n"}