Updated 16/09/2024
In force since 29/08/2023

Initial Legal Act
References (10)
09/08/2023
Delegated Regulation 2023/1616 published in OJ
12/05/2022
ESMA91-372-2066
Final Draft published
18/11/2021
ESMA70/151/3384
Consultation published
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Delegated Regulation 2023/1616

Commission Delegated Regulation (EU) 2023/1616 of 3 May 2023 supplementing Regulation (EU) 2021/23 of the European Parliament and of the Council with regard to regulatory technical standards specifying the circumstances in which a person is deemed to be independent from the resolution authority and from the central counterparty, the methodology for assessing the value of assets and liabilities of a central counterparty, the separation of the valuations, the methodology for calculating the buffer for additional losses to be included in provisional valuations, and the methodology for carrying out the valuation for the application of the ‘no creditor worse off’ principle (Text with EEA relevance)

Recitals
Article 19 - General provisionsArticle 20 - Inventory of assets and claimsArticle 21 - Steps of the valuationArticle 22 - Determination of the treatment of shareholders and creditors under normal insolvency proceedingsArticle 23 - Direct replacement costs incurred by the clearing members under normal insolvency proceedingsArticle 24 - Determination of the actual treatment of shareholders and creditors in resolutionArticle 25 - Valuation reportArticle 26 - Entry into force