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In this act Article 34 of 62
Text as of 29 Nov 2022 · Consolidated version of 7 March 2024 · Same wording as today’s text.Today’s text

Article 34 — Concentration risk

Financial servicesLevel 2RTSEMIRIn forceVerifiedOfficial source

34(1)

1.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.

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34(2)

2.A CCP’s liquidity risk management framework shall include the application of exposure and concentration limits.

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34(3)

3.A CCP shall define processes and procedures for breaches of concentration limits.

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CHAPTER IX — DEFAULT WATERFALL (Article 45 of Regulation (EU) No 648/2012)