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In this act Article 2 of 62
Text as of 29 Nov 2022 · Consolidated version of 7 March 2024 · Same wording as today’s text.Today’s text

Article 2 — Information to be provided to ESMA for the recognition of a CCP

Financial servicesLevel 2RTSEMIRIn forceVerifiedOfficial source

An application for recognition submitted by a CCP established in a third country shall contain at least the following information:

2(a)
(a)full name of the legal entity;
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2(b)
(b)identities of the shareholders or members with qualifying holdings;
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2(c)
(c)a list of the Member States in which it intends to provide services;
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2(d)
(d)classes of financial instruments cleared;
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2(e)
(e)details to be included in the ESMA website in accordance with Article 88(1)(e) of Regulation (EU) No 648/2012;
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2(f)
(f)details of its financial resources, the form and methods in which they are maintained and the arrangements to secure them including default management procedures;
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2(g)
(g)details on the margin methodology and for the calculation of the default fund;
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2(h)
(h)a list of the eligible collateral;
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2(i)
(i)a breakdown of values, in prospective form if needed, cleared by the applying CCP by each Union currency cleared;
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2(j)
(j)results of the stress tests and back tests performed during the year preceding the date of application;
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2(k)
(k)its rules and internal procedures with evidences of full compliance with the requirements applicable in that third country;
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2(l)
(l)details of any outsourcing arrangements;
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2(m)
(m)details on segregation arrangements and respective legal soundness and enforceability;
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2(n)
(n)details on the CCP’s access requirements and terms for suspension and termination of membership;
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2(o)
(o)details of any interoperability arrangement, including the information provided to the third country competent authority for the purpose of assessing the arrangement.
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CHAPTER III — ORGANISATIONAL REQUIREMENTS (Article 26 of Regulation (EU) No 648/2012)