Article 6
The changes to the CCP’s risk management
Where the measures to be adopted to restore the CCP’s long-term viability include changes to the CCP’s risk management as referred to in Article 37(3), point (d), of Regulation (EU) 2021/23, the description referred to in Article 2(1) of this Regulation shall include a description on:
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(a) |
how the CCP envisages to comply with its prudential requirements, including by making changes to its default fund methodologies, margin and liquidity risk management frameworks, investment policies, collateral policies and settlement arrangements, and whether any changes are envisaged to the risk management of the CCP; |
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(b) |
how the CCP envisages to comply with its other regulatory requirements, including by making organisational changes, including changes to its organisational structure, business continuity policy and outsourcing arrangements, as well as by making material changes to its management, its conduct of business rules, including the composition of its membership, and its segregation and portability rules; |
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(c) |
how the CCP envisages to comply with its liquidity requirements, including meeting all its payment obligations, in all relevant currencies, as they fall due and the extent to which it is able to have recourse to the liquidity tools set out in its operating rules under the relevant market conditions; |
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(d) |
how the CCP envisages to comply with the requirements to hold pre-funded and committed financial resources available; |
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(e) |
how the CCP envisages to comply with the requirements to have the ability to replenish its pre-funded financial resources. |