Skip to the text
In this act Article 22 of 32

Article 22 — Information on business operativity (Article 27da(2), points (g) and (i), of Regulation (EU) No 600/2014)

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

22(1)

1.An applicant seeking authorisation to operate a CT pursuant to Article 27db of Regulation (EU) No 600/2014 shall include in its application the following information:

Copy link
22(1)(a)
(a)the expected total capital expenditure to develop the CT;
Copy link
22(1)(b)
(b)the expected operating expenditure to run the CT;
Copy link
22(1)(c)
(c)a description of the liquid net assets funded by equity to cover potential general business losses in order to continue providing services taking into account the information referred to in points (a) and (b).
Copy link
22(2)

2.An applicant seeking authorisation to operate the CT for bonds shall also provide terms of reference, statutes, contracts, or other documentation to demonstrate the existence of arrangements for revenue redistribution in accordance with Article 27h(5) of Regulation (EU) No 600/2014.

Copy link