ESMA · ESMA_QA_2183 Forwarded to EC/Public Consultation/Other
Resolution colleges
- Regulation
- Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)
- Topic
- CCP Resolution
- Submitted
- 2024-05-14
Question
In accordance with Article 4(2)(c) of CCP RRR, competent authorities and resolution authorities of clearing members referred to in Article 18(2)(c) of EMIR should be voting members of the resolution college. Art. 18(2)(c) of EMIR refers to the three Member States with the largest contributions to the default fund of the CCP. Where not all clearing members of the CCP are subject to supervision by competent authorities, should the calculation exclude default fund contributions from not supervised clearing members?
No answer published yet.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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