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In this act Article 1 of 21
Text as of 26 Oct 2026 · Commission Delegated Regulation (EU) 2017/581, OJ L 87, 31.3.2017 · Same wording as today’s text.Today’s text

Article 1 — Conditions on the denial of access by a CCP

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

1(1)

1.A CCP shall assess whether granting access would create any of the risks specified in Articles 2, 3 and 4 and may deny access only if, after making all reasonable efforts to manage its risks, the CCP concludes that there are significant undue risks that cannot be managed.

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1(2)

2.If a CCP denies access, it shall identify which risks specified in Articles 2, 3 and 4 would result from granting access and explain why those risks cannot be managed.

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