emendrix

Art. 50c

European Market Infrastructure Regulation · 32012R0648 · every event for this act · on EUR-Lex

Reporting of information

2 changes recorded across 2 events, newest first.

in force 2021-06-28 MODIFIED+8 −8

Amended by Regulation (EU) 2019/834 32019R0834 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/962 32021R0962

applies from: unchanged

The only change is a punctuation edit in point (c), where the semicolon at the end of the sentence has been replaced with a full stop.

Cited: Art. 50c, v2

text before / after

02012R0648-20210213 → 02012R0648-20210628

Article 50c Reporting of information 1. For the purposes of Article 308 of Regulation (EU) No 575/2013, a CCP shall report the following information to those of its clearing members which are institutions and to their competent authorities: (a) the hypothetical capital (KCCP); (b) the sum of pre-funded contributions (DFCM); (c) the amount of its pre-funded financial resources that it is required to use — by law or due to a contractual agreement with its clearing members — to cover its losses following the default of one or more of its clearing members before using the default fund contributions of the remaining clearing members (DFCCP); (DFCCP). (d) the total number of its clearing members (N); (e) the concentration factor (β), as set out in Article 50d. Where the CCP has more than one default fund, it shall report the information in the first subparagraph for each default fund separately. 2. The CCP shall notify those of its clearing members which are institutions at least quarterly or more frequently where required by the competent authorities of those clearing members. 3. EBA shall develop draft implementing technical standards to specify the following: (a) the uniform template for the purpose of the reporting specified in paragraph 1; (b) the frequency and dates of the reporting specified in paragraph 2; (c) the situations in which the competent authority of an institution acting as a clearing member may require higher frequencies of reporting than those referred to in point (b). EBA shall submit those draft implementing technical standards to the Commission by 1 January 2014. Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No1093/2010.

in force 2014-01-01 INSERTED

Amended by Regulation (EU) No 1002/2013 32013R1002 · Regulation (EU) No 575/2013 32013R0575

applies from: unknown (an inserted provision states its own application date only in prose)

Sources disagree — the text comparison found this change; the EU's own amendment metadata does not list it. Both are shown; neither is overruled.

This is a new Article 50c that sets out reporting obligations for a CCP toward clearing members that are institutions and their competent authorities, listing specific items such as hypothetical capital, pre-funded contributions, the amount of pre-funded resources required to be used before other clearing members' default fund contributions, the total number of clearing members, and the concentration factor.

It also specifies a minimum quarterly notification frequency, with more frequent reporting possible where required by competent authorities, and directs EBA to develop implementing technical standards on the reporting template, frequency and dates, and the circumstances allowing higher reporting frequency, to be submitted to the Commission by 1 January 2014.

Cited: Art. 50c, v2

text before / after, on the event page →