{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"from:2022-11-29","held_since":"2022-11-29","gaps":[],"covered":["153/2013 — RTS — Requirements for central counterparties [in force] L2"],"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/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18","url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18","title":"Article 18 — Business impact analysis","family":"l2_unit_view","work_id":"spaces/emir/level-2/rts/153-2013-requirements-for-central-counterparties","view_of":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties","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 7 March 2024","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0153-20240307","valid_from":"2013-03-15","valid_until":null,"revision":1,"content_id":"3d58959d54144045","versions":["2013-03-15"],"version_url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18/versions/2022-11-29","revision_url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18/versions/2022-11-29/rev/3d58959d54144045","versions_url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18/versions","relations_url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/18/relations","act_url":"https://www.headlesslaw.com/emir/level-2/rts/153-2013-requirements-for-central-counterparties#art-18","source_line":"Commission Delegated Regulation (EU) No 153/2013 · binding · OJ L 52, 23.2.2013 · dated 19 Dec 2012 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2012-12-19","entry_into_force":"2013-03-15","locators":{"document_date":"CELLAR 32013R0153 work_date_document","entry_into_force":"CELLAR 32013R0153 resource_legal_date_entry-into-force (earliest on or after the document date)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/rts/153-2013-requirements-for-central-counterparties","path":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties","name":"Commission Delegated Regulation (EU) No 153/2013","number":"153/2013","celex":"32013R0153","title_official":"COMMISSION DELEGATED REGULATION (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance)","document_date":"2012-12-19"},"position":{"kind":"article","key":"18","index":18,"articles":62,"annexes":2},"prev":{"path":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/17","key":"17","title":"Article 17 — Strategy and policy"},"next":{"path":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/19","key":"19","title":"Article 19 — Disaster recovery"},"act_anchor":"#art-18"}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0153-20240307","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"unit_text_sha256":"4a86d6b140e083850ce5be66efe71acfb8d9e68ea1f12d7e4cf81f297aa680f8","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/emir/level-2/rts/153-2013-requirements-for-central-counterparties/art-18","kind":"article","key":"18","heading":"Article 18 — Business impact analysis","text":"## <a id=\"art-18\"></a>Article 18 — Business impact analysis\n\n1. <a id=\"art-18-p-1\"></a>A CCP shall conduct a business impact analysis which is designed to identify the business functions which are critical to ensure the services of the CCP. The criticality of these functions to other institutions and functions in the financial infrastructure shall be part of the analysis.\n\n2. <a id=\"art-18-p-2\"></a>A CCP shall use scenario based risk analysis which is designed to identify how various scenarios affect the risks to its critical business functions.\n\n3. <a id=\"art-18-p-3\"></a>In assessing risks, a CCP shall take into account dependencies on external providers, including utilities services. A CCP shall take action to manage such dependencies through appropriate contractual and organisational arrangements.\n\n4. <a id=\"art-18-p-4\"></a>Business impact analysis and scenario analysis shall be kept up to date, shall be reviewed at least on an annual basis and following an incident or significant organisational changes. The analyses shall take into account all relevant developments, including market and technology developments.\n\n","marks":[],"text_hash":"4a86d6b140e083850ce5be66efe71acfb8d9e68ea1f12d7e4cf81f297aa680f8","revision":1}}