ESMA_QA_2186
Topic
CCP Resolution
14/05/2024
Subject Matter
Voting arrangements in resolution colleges
Question
Where one authority attends a resolution college in multiple roles pursuant to Article 4(2) of CCP RRR, would it have the corresponding number of votes?
Level 1 Regulation
Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)
ESMA_QA_2185
Topic
CCP Resolution
14/05/2024
Subject Matter
Voting arrangements in resolution colleges
Question
How should votes be distributed in the case of two or more authorities in a particular Member State sharing one of the roles specified in Article 4(2) of CCP RRR?
Level 1 Regulation
Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)
ESMA_QA_2184
Topic
CCP Resolution
14/05/2024
Subject Matter
Resolution college membership
Question
Could the competent authority of the CCP’s parent undertaking be invited to participate in the resolution college, if the parent undertaking is not a CCP and operates in a third country?
Level 1 Regulation
Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)
ESMA_QA_2183
Topic
CCP Resolution
14/05/2024
Subject Matter
Resolution colleges
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?
Level 1 Regulation
Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)
ESMA_QA_2182
Topic
CCP Resolution
14/05/2024
Subject Matter
Resolution college membership
Question
Should the banking national resolution authorities (BNRA) participate in the resolution college where the SRB also qualifies as resolution authority of the clearing members of the same Member State?
Level 1 Regulation
Regulation 2021/23 - recovery and resolution of central counterparties (CCPRRR)