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In this act Article 1 of 11

Article 1 — Requirements for the contractual arrangements, policies and procedures and the IT connectivity

Financial servicesLevel 2RTSEMIRIn forceOfficial source

Counterparties subject to the obligation set out in Article 7a(3), point (a), of Regulation (EU) No 648/2012 shall demonstrate to their competent authorities that they have in place:

1(a)
(a)a contractual arrangement, detailing how an active account with an authorised CCP can be accessed and used, including in relation to cash and collateral accounts, either directly, through a clearing member or through a client providing client clearing services in the categories of derivative contracts referred to in Article 7a(6) of Regulation (EU) No 648/2012;
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1(b)
(b)internal policies and procedures pertaining to the contractual arrangements referred to in point (a);
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1(c)
(c)an IT environment sufficient to connect to the active account either directly with an authorised CCP, or through a clearing member or a client providing client clearing services and withstand the volumes mandated by that Regulation.
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