Framework for the recovery and resolution of central counterparties (CCPRRR)

Official name

REGULATION (EU) 2021/23 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No. 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (09644/1/2020 - C9-0376/2020 - 2016/0365(COD))

Type

Regulation

Level 1

Initiator

EU

Submitted

28.11.2016

Doc. code

2021/23

Summary

Status

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Current version

Final version

16.12.2020

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

Regulation on Securities financing transactions (SFTR) (binding, Main version, EU)

EMIR (binding, Main version, EU)

Amending certain regulations with respect to the establishment and operation of ESAPs (binding, Amendment, EU)

Implementation of the regulation on the recovery and resolution of central counterparties - Uitvoeringswet verordening herstel en afwikkeling centrale tegenpartijen (binding, NL)

Methodology for Calculation and Maintenance of the Additional Amount of Pre-funded Dedicated own Resources (binding, Supplement, EU)

Level 2

Implementation of the EU framework for the recovery and resolution of CCPs (binding, NL)

RTS for assessing the CCP recovery plan (binding, Supplement, EU)

RTS specifying the conditions for recompense by CCPs (binding, Supplement, EU)

RTS for calculation and maintenance of pre-funded dedicated own resources of CCPs (binding, EU)

Implementing Decision on the Regulation on the Recovery and Settlement of Central Counterparties (binding, NL)

RTS on the content of CCP resolution plans (non-binding, Supplement, EU)

RTS on resolution colleges of CCPs (binding, EU)

RTS on the requirements for the assessment in case of resolution of a CCP (binding, Supplement, EU)

Safeguards for clients and indirect clients in case of resolution of a CCP (binding, Supplement, EU)

RTS on Business Reorganisation Plans for CCPs (binding, Supplement, EU)

Level 3 / Other

Guidelines on CCP recovery plan scenarios (binding, EU)

Guidelines on CCP recovery plan indicators (binding, Supplement, EU)

Guidelines on the consistent application of the triggers for the use of Early Intervention Measures regarding CCPs (binding, EU)

Guidelines on temporary restrictions in the case of a significant non-default event of CCPs (binding, EU)

Guidelines for the methodology to value each contract prior to termination by CCPs in resolution (binding, EU)

Guidelines for CCPs in failure or likely to fail (binding, EU)

Assessment of the settlement capability (CCPRRR) (binding, EU)

Summary of resolution plans (CCPRRR) (non-binding, EU)

Guidelines on resolvability and cooperation arrangements for central counterparties (CCPRRR) (binding, EU)