Article 5
Exchange of information among authorities
The CCP’s competent authority shall at least provide the following information to the college members:
significant changes to the structure and ownership of the CCP’s group;
significant changes in the level of the CCP’s capital;
changes in the organisation, senior management, processes or arrangements when those changes have a significant impact on governance or risk management;
a list of clearing members of the CCP;
details of the authorities involved in the supervision of the CCP, including any changes in their responsibilities;
information on any material threats to the CCP’s ability to comply with Regulation (EU) No 648/2012 and relevant delegated and implementing regulations;
difficulties that have potentially significant spill-over effects;
factors which suggest a potentially high risk of contagion;
significant developments in the financial position of the CCP;
early warnings of possible liquidity difficulties, or major fraud;
events of member default and any follow-up actions;
sanctions and exceptional supervisory measures;
reports on performance problems or incidents occurred and remedial actions taken;
regular data on the activity of the CCP, the scope and frequency of which shall be agreed as part of the written agreement described in Article 2;
overview of major commercial proposals, including new products or services to be offered;
changes in the CCP’s risk model, stress testing and back testing;
changes in the CCP’s interoperability arrangements, where applicable;
changes in any outsourcing arrangements of the CCP for major activities linked to risk management;
changes in the participation requirements, clearing membership models and account segregation models of the CCP;
changes in the default procedures of the CCP, and reports on the test of the CCP’s default procedures conducted by the CCP in accordance with Article 49(2) of Regulation (EU) No 648/2012;
changes in the payment and settlement arrangements of the CCP.