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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":"34","index":34,"articles":62,"annexes":2},"prev":{"path":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/33","key":"33","title":"Article 33 — Access to liquidity"},"next":{"path":"/emir/level-2/rts/153-2013-requirements-for-central-counterparties/articles/35","key":"35","title":"Article 35 — Calculation of the amount of the CCP’s own resources to be used in the default waterfall"},"act_anchor":"#art-34"}},"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":"1f3809d7f827dd22439f922248760c5dcedc3245a90f67152f68c8ba8201c9d2","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-34","kind":"article","key":"34","heading":"Article 34 — Concentration risk","text":"## <a id=\"art-34\"></a>Article 34 — Concentration risk\n\n1. <a id=\"art-34-p-1\"></a>A CCP shall closely monitor and control the concentration of its liquidity risk exposure, including its exposures to the entities listed in Article 32(4) and to entities in the same group.\n\n2. <a id=\"art-34-p-2\"></a>A CCP’s liquidity risk management framework shall include the application of exposure and concentration limits.\n\n3. <a id=\"art-34-p-3\"></a>A CCP shall define processes and procedures for breaches of concentration limits.\n\n**CHAPTER IX — DEFAULT WATERFALL ([Article 45](../../articles/45.md) of Regulation (EU) No 648/2012)**\n\n","marks":[],"text_hash":"1f3809d7f827dd22439f922248760c5dcedc3245a90f67152f68c8ba8201c9d2","revision":1}}