Updated 05/02/2025
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CCPRRR ToolDelegated Regulation 2024/450
Article 10

Article 10 - Delegated Regulation 2024/450

Article 10

Awareness and commitment criteria

The business reorganisation plan shall fulfil all of the following awareness and commitment criteria:

(a)

the senior management and the members of the board of the CCP shall acknowledge in writing that they are aware of and committed to the following:

(i)

the implementation of the business reorganisation plan;

(ii)

the appointment of one or more persons responsible for carrying out the business reorganisation plan and the identification of the individuals assigned to senior management roles of such departments;

(b)

the awareness, commitment, cooperation and support of the following key internal and external stakeholders to the business reorganisation plan shall be evidenced in writing:

(i)

the risk committee;

(ii)

the clearing members and their direct and indirect clients where possible to identify;

(iii)

the interoperable CCPs and critical service providers.