#1913506
ballraíocht comhalta imréitigh a aistriú ón CPL faoi réiteach chuig ceannaitheoir an CPL nó CPL idirlinne.
to transfer the membership of a clearing member from the CCP under resolution to a purchaser of the CCP or a bridge CCP.
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#2849350
socruithe idir-inoibritheachta an CPL nó idirthuilleamaíochtaí an CPL, lena n-áirítear soláthraithe seirbhísí an CPL;
the interoperability arrangements of the CCP or the interdependencies of the CCP, including the service providers of the CCP;
#1913187
Áiritheoidh na húdaráis réitigh go ndéanfar na hacmhainní réamh-mhaoinithe a athshlánú agus an CPL nó an CPL idirlinne a athchaipitliú, mar a thagraítear dó sa chéad fhomhír, a mhéid is leor chun cumas an CPL nó an CPL idirlinne a athbhunú i dtaobh chomhlíonadh na gcoinníollacha maidir le húdarú agus chun leanúint d’fheidhmeanna criticiúla an CPL nó an CPL idirlinne a dhéanamh, agus rialacha oibríochta an CPL nó an CPL idirlinne á gcur san áireamh.
Resolution authorities shall ensure the replenishment of the pre-funded resources and the recapitalisation of the CCP or the bridge CCP as referred to in the first subparagraph, to an extent sufficient to restore the ability of the CCP or the bridge CCP to comply with the conditions for authorisation and to continue to carry out the critical functions of the CCP or the bridge CCP, taking into account the operating rules of the CCP or the bridge CCP.
#1912576
ciallaíonn “CPL tríú tír” CPL a bhfuil a cheannoifig bunaithe i dtríú tír;
‘third-country CCP’ means a CCP the head office of which is established in a third country;
#1912583
ciallaíonn “CPL idir-inoibritheach” CPL a bhfuil socrú idir-inoibritheachta bunaithe leis;
‘interoperable CCP’ means a CCP with which an interoperability arrangement has been established;
#2535787
Ní CPL: i gcás nach CPL é an contrapháirtí.
No CCP: when the counterparty is not a CCP.
#2728189
Measúnú ar phróifíl riosca an CPL i ndáil le hullmhacht an CPL
Assessment of the risk profile of the CCP in relation to the CCP preparedness
#2849502
na bearta chun inaistritheacht suíomhanna agus sócmhainní gaolmhara na gcomhaltaí imréitigh agus chliaint an CPL mainneachtana a éascú ón CPL mainneachtana chuig CPL eile nó chuig CPL idirlinne.
the measures to facilitate the portability of positions and related assets of the clearing members and clients of the defaulting CCP from the defaulting CCP to another CCP or a bridge CCP.
#2849547
Cás a shuí inar léir nach dtacaíonn scairshealbhóirí an CPL le gníomhaíochtaí téarnaimh an CPL.
Establish scenario where the CCP’s shareholders do not support the CCP’s recovery actions.
#3214286
aon mhaoiniú nó seirbhís arna soláthar ag an CPL eile nó don CPL eile;
any financing or services provided by or to the remaining CCP;
#1912463
Ar na cumhachtaí sin, ba cheart a áireamh an chumhacht chun ionstraimí úinéireachta, sócmhainní, cearta, oibleagáidí nó dliteanais an CPL a bhfuil ag cliseadh air a aistriú chuig eintiteas eile amhail CPL eile nó CPL idirlinne, an chumhacht chun ionstraimí úinéireachta a dhíluacháil nó a chealú, nó dliteanais an CPL a bhfuil ag cliseadh air a dhíluacháil nó a chomhshó, an chumhacht chun an corrlach athrúcháin a dhíluacháil, an chumhacht chun forfheidhmiú a dhéanamh ar aon oibleagáidí gan íoc de chuid an tríú páirtí i ndáil leis an CPL lena n-áirítear glaonna ar airgead tirim i gcomhair téarnaimh, mar a leagtar amach i rialacha oibríochta an CPL, agus leithdháiltí suíomhanna, an chumhacht chun glaonna ar airgead tirim i gcomhair réitigh a fheidhmiú, an chumhacht chun conarthaí an CPL a fhoirceannadh i bpáirt agus ina n-iomláine, an chumhacht chun an lucht bainistíochta a athrú agus an chumhacht chun moratóir sealadach a fhorchur ar éilimh a íoc.
They should include the power to transfer instruments of ownership, assets, rights, obligations or liabilities of a failing CCP to another entity such as another CCP or a bridge CCP, the power to write down or cancel instruments of ownership, or write down or convert liabilities of a failing CCP, the power to write down variation margin, the power to enforce any outstanding obligations of third parties in relation to the CCP, including recovery cash calls, as set out in the CCP’s operating rules, and position allocations, the power to exercise resolution cash calls, the power to terminate contracts of the CCP partially and fully, the power to replace the management and the power to impose a temporary moratorium on the payment of claims.
#1912441
I gcás inar cuireadh i bhfeidhm na huirlisí réitigh chun feidhmeanna criticiúla nó gnó inmharthana CPL a aistriú chuig eintiteas fónta amhail ceannaitheoir ón earnáil phríobháideach nó CPL idirlinne, ba cheart an chuid iarmharach den CPL a leachtú laistigh d’achar iomchuí ama ag féachaint d’aon ghá go soláthródh an CPL a bhfuil ag cliseadh air seirbhísí nó tacaíocht le go mbeadh an ceannaitheoir nó an CPL idirlinne in ann na gníomhaíochtaí a dhéanamh nó na seirbhísí a sholáthar a leagadh air de bhua an aistrithe sin.
Where the resolution tools have been applied to transfer the critical functions or viable business of a CCP to a sound entity such as a private sector purchaser or bridge CCP, the residual part of the CCP should be liquidated within an appropriate time frame having regard to any need for the failing CCP to provide services or support to enable the purchaser or bridge CCP to carry out the activities or provide the services acquired by virtue of that transfer.
#2394020
Tá cumhachtaí cuimsitheacha ag CMF chun CPL údaraithe a rialú agus a phionósú, lena n-áirítear, inter alia, an chumhacht chun faisnéis agus sonraí a iarraidh, cigireachtaí ar an láthair agus cigireachtaí lasmuigh den láthair a dhéanamh agus iarraidh ar CPL údaraithe ceartúcháin a dhéanamh, orduithe agus treoracha a eisiúint, aitheasc a thabhairt don Ionchúisitheoir má thagann CMF ar aon eolas a d’fhéadfadh a bheith bainteach le cion coiriúil, pionóis a fhorchuir ar an CPL, fíneáil a chur ar na stiúrthóirí agus ar na bainisteoirí, oibríochtaí CPL a chur ar fionraí nó údarú an CPL a tharraingt siar.
The CMF has comprehensive powers to control and penalise an authorised CCP, including, inter alia, the power to request information and data, conduct on-site and off-site inspections and request an authorised CCP to make corrections, issue orders and instructions, address the Prosecutor if the CMF learns any facts which could relate to a criminal offense, impose penalties on the CCP, fine the directors and managers, suspend the operations of a CCP or withdraw the CCP’s authorisation.
#2728109
Agus próifíl riosca CPL á cur san áireamh chun measúnú a dhéanamh ar phlean téarnaimh an CPL sin, ba cheart do na húdaráis inniúla agus do choláistí maoirseachta gnéithe gnó agus rioscaí rialachais agus dlíthiúla an CPL sin a bhreithniú chun a mheas an bhfuil an CPL sin in ann na bearta a leagtar amach sa phlean téarnaimh a dhéanamh ar bhealach tapa éifeachtúil, gan beann ar shainiúlachtaí an CPL.
When taking into consideration a CCP’s risk profile to assess the recovery plan of that CCP, competent authorities and supervisory colleges should consider the business features and the governance and legal risks of that CCP to assess whether that CCP is in a position to undertake the measures set out in the recovery plan in a swift and efficient manner, regardless of the CCP’s specificities.
#2728110
Agus ullmhacht CPL chun aghaidh a thabhairt ar strus a chuirfeadh inmharthanacht an CPL i mbaol á cur san áireamh chun plean téarnaimh an CPL sin a mheas, ba cheart do na húdaráis inniúla agus do choláistí maoirseachta leordhóthanacht na gcásanna agus na dtáscairí a áirítear sa phlean téarnaimh a bhreithniú i bhfianaise shainiúlachtaí an CPL sin chun inchreidteacht leibhéal ullmhachta an CPL chun aghaidh a thabhairt ar strus den sórt sin a áirithiú.
When taking into consideration a CCP’s preparedness to face stress that would endanger the CCP’s viability with the aim of assessing the recovery plan of that CCP, competent authorities and supervisory colleges should consider the adequacy of scenarios and indicators included in the recovery plan in light of that CCP’s specificities to ensure the credibility of the CCP’s level of preparedness to face such stress.
#2728254
Déanfaidh na húdaráis inniúla agus na coláistí maoirseachta measúnú ar leordhóthanacht phlean téarnaimh CPL i ndáil le dreasachtaí iomchuí a chruthú d’úinéirí agus do chomhaltaí imréitigh an CPL sin, agus i gcás inar féidir dá gcliaint, de réir mar is ábhartha, chun rialú a dhéanamh ar an méid riosca a thabharfaidh úinéirí an CPL sin, comhaltaí imréitigh agus a gcliaint chuig an gcóras nó a thabhóidh siad ann, chun faireachán a dhéanamh ar ghníomhaíochtaí glactha riosca agus bainistíochta riosca an CPL, agus chun rannchuidiú le próiseas bainistíochta mainneachtana an CPL trí na tosca uile seo a leanas a bhreithniú:
Competent authorities and supervisory colleges shall assess a CCP’s recovery plan’s adequacy in respect of creating appropriate incentives for that CCP’s owners, clearing members, and where possible their clients, as relevant, to control the amount of risk that those CCP’s owners, clearing members and their clients bring to or incur in the system, to monitor the CCP’s risk-taking and risk management activities and to contribute to the CCP’s default management process by considering all of the following factors:
#2849074
Féadfaidh údarás réitigh an CPL, le toiliú chomhaltaí uile an choláiste réitigh, agus sainiúlachtaí an CPL á gcur san áireamh, minicíocht níos airde a chinneadh le haghaidh chruinnithe an choláiste réitigh ag féachaint do mhéid, cineál, scála agus castacht an CPL, d’impleachtaí sistéamacha an CPL ó dhlínse agus ó airgeadra go chéile, don tionchar a d’fhéadfadh a bheith ag gníomhaíochtaí an CPL, d’imthosca seachtracha agus d’iarrataí a d’fhéadfadh comhaltaí an choláiste réitigh a dhéanamh.
The resolution authority of the CCP, with the consent of all members of the resolution college, taking into account the specificities of the CCP, may determine a higher frequency of meetings of the resolution college having regard to the CCP’s size, nature, scale and complexity, the systemic implications of the CCP across jurisdictions and currencies, the potential impact of the activities of the CCP, external circumstances and potential requests by the resolution college members.
#1912356
Ba cheart a mheas go bhfuil ag cliseadh ar CPL nó gur dócha go gclisfidh air i gcás ina bhfuil sé ag sárú nó inar dócha go mbeidh sé ag sárú sula i bhfad na gceanglas nach mór a chomhlíonadh chun leanúint de bheith údaraithe, i gcás ina bhfuil teipthe nó inar dócha go dteipfear ar an téarnamh inmharthanacht an CPL a athbhunú, i gcás nach bhfuil an CPL in ann nó inar dócha nach mbeidh sé in ann, feidhm chriticiúil a sholáthar, i gcás inar lú sócmhainní an CPL ná a dhliteanais nó inar dócha go mbeidh siad níos lú ná iad sula i bhfad, i gcás nach bhfuil an CPL in ann nó inar dócha nach mbeidh sé in ann sula i bhfad a fhiacha nó a dhliteanais eile a íoc de réir mar a bheidh siad dlite, nó i gcás ina dteastóidh tacaíocht airgeadais phoiblí urghnách ón CPL.
A CCP should be considered to be failing or likely to fail when it infringes or is likely in the near future to infringe the requirements for continuing authorisation, when its recovery has failed or is likely to fail to restore its viability, when the CCP is unable or is likely to be unable to provide a critical function, when the assets of the CCP are or are likely in the near future to be less than its liabilities, when the CCP is or is likely in the near future to be unable to pay its debts or other liabilities as they fall due, or when the CCP requires extraordinary public financial support.
#1912385
I gcás páirtaistriú sócmhainní CPL atá faoi réiteach chuig ceannaitheoir príobháideach nó chuig CPL idirlinne, ba cheart an chuid iarmharach den CPL atá faoi réiteach a fhoirceannadh de réir na ngnáthimeachtaí dócmhainneachta.
In the event of a partial transfer of assets of a CCP under resolution to a private purchaser or to a bridge CCP, the residual part of the CCP under resolution should be wound up under normal insolvency proceedings.
#1913043
Gan dochar don fhreagracht atá ar chomhaltaí imréitigh caillteanais a sheasamh a théann níos faide ná an mhainneachtain i bhfoirm cascáide, i gcás ina mbeidh CPL atá faoi théarnamh mar gheall ar theagmhas neamh-mhainneachtana tar éis na socruithe agus na bearta a chur i bhfeidhm chun laghdú a dhéanamh ar luach aon ghnóthachan is iníoctha ag an CPL le comhaltaí imréitigh neamh-mhainneachtana mar a leagtar amach ina phlean téarnaimh, agus mar thoradh air sin nach bhfuil sé tar éis dul faoi réiteach, féadfaidh údarás inniúil an CPL ceangal a chur ar an CPL na comhaltaí imréitigh a chúiteamh as a gcaillteanas trí íocaíochtaí in airgead tirim nó, i gcás inarb iomchuí, féadfaidh sé ceangal a chur ar an CPL ionstraimí a eisiúint lena n-aithnítear éileamh ar bhrabúis an CPL amach anseo.
Without prejudice to the responsibility of clearing members to take losses which go beyond the default waterfall, where a CCP in recovery caused by a non-default event has applied the arrangements and measures to reduce the value of any gains payable by the CCP to non-defaulting clearing members set out in its recovery plan, and as a result has not entered into resolution, the competent authority of the CCP may require the CCP to recompense the clearing members for their loss through cash payments or, where appropriate, may require the CCP to issue instruments recognising a claim on the future profits of the CCP.
#1913504
téarmaí conartha ina bhfuil an CPL faoi réiteach ina pháirtí a chealú nó a mhodhnú nó ina gcuirtear an ceannaitheoir nó an CPL idirlinne mar pháirtí in ionad an CPL faoi réiteach;
to cancel or modify the terms of a contract to which the CCP under resolution is a party or substitute the purchaser or bridge CCP, in place of the CCP under resolution, as a party;
#2849349
na margaí ina n-oibríonn an CPL, na réimeanna gnó a mheastar a bheith lárnach don CPL, agus na seirbhísí imréitigh a thairgeann an CPL;
the markets where the CCP operates, the business lines considered core to the CCP, and the clearing services offered by the CCP;
#2875244
tionchar struchtúr airgeadais an CPL ar chumas an CPL sócmhainní agus conarthaí a choinneáil don tréimhse shealbhaíochta ionchasach agus ar chumas an CPL sreabhadh airgid intuartha a ghiniúint;
the impact of the CCP’s financial structure on the capacity of the CCP to retain assets and contracts for the expected holding period and the CCP’s ability to generate predictable cash flows;
#1912276
Sna Ballstáit ina bhfuil CPL bunaithe, ba cheart socruithe struchtúracha leordhóthanacha a chur i bhfeidhm chun feidhmeanna réitigh an CPL a scaradh ó fheidhmeanna eile, go háirithe i gcás ina ndéanfar an t-údarás atá freagrach as maoirseacht stuamachta a dhéanamh ar an CPL, nó as maoirseacht stuamachta a dhéanamh ar institiúidí creidmheasa nó gnólachtaí infheistíochta is comhaltaí imréitigh den CPL, a ainmniú mar an t-údarás réitigh, ionas go seachnófar aon choinbhleachtaí leasa agus aon bhaol ó thaobh boige rialála.
In Member States where a CCP is established, adequate structural arrangements should be put in place to separate the CCP resolution functions from other functions, in particular where the authority responsible for the prudential supervision of the CCP, or prudential supervision of credit institutions or investment firms that are clearing members of the CCP, is designated as the resolution authority, to avoid any conflicts of interest and risk of regulatory forbearance.
#1912318
I gcás nach gcuirfidh CPL plean téarnaimh iomchuí faoina mbráid, ba cheart na húdaráis inniúla a bheith in ann ceangal a chur ar an CPL na bearta a dhéanamh is gá chun easnaimh ábhartha an phlean a leigheas chun gnó an CPL a neartú agus chun a áirithiú gur féidir leis an CPL caillteanais a leithdháileadh, a chaipiteal a athbhunú agus, i gcás inarb ábhartha, a leabhar a ath-chomhoiriúnú i gcás cliseadh.
Where a CCP does not present an adequate recovery plan, competent authorities should be able to require the CCP to take the measures necessary to redress the material deficiencies of the plan in order to strengthen the business of the CCP and ensure that the CCP could allocate losses, restore its capital and, where relevant, re-match its book in the event of failure.
#1912329
Agus struchtúr éagsúil na ngrúpaí a mbaineann CPLanna leo, na difríochtaí struchtúir i gcomparáid le grúpaí baincéireachta, agus na creataí rialála difriúla a bhfuil feidhm acu maidir le heintitis aonair laistigh de ghrúpaí den sórt sin á gcur san áireamh, ba cheart d’údarás réitigh an CPL, i gcomhairle le húdarás inniúil an CPL, a bheith in ann a mheas an bhféadfadh sé a bheith i gceist le forfheidhmiú athruithe ar struchtúir dhlíthiúla nó oibríochtúla an CPL nó aon ghrúpeintitis atá faoi rialú díreach nó indíreach aige go ndéanfaí athruithe ar struchtúir an ghrúpa ina bhfuil an CPL ar athruithe iad a bhféadfadh saincheisteanna agóide dlíthiúla nó saincheisteanna in-fhorfheidhmitheachta eascairt astu, ag brath ar na tosca dlíthiúla sonracha a bhfuil feidhm acu.
Taking into account the diverse structure of the groups that CCPs belong to, the differences in structures compared to banking groups, and the different regulatory frameworks that apply to individual entities within such groups, the resolution authority of the CCP, in consultation with the competent authority of the CCP, should be able to assess whether enforcing changes to the legal or operational structures of the CCP, or any group entity directly or indirectly under its control, involves changes in the structures of the group that the CCP belongs to that could lead to issues of legal challenge or issues of enforceability, depending on the specific legal circumstances that apply.
#1912384
Níor cheart do na scairshealbhóirí, na comhaltaí imréitigh agus creidiúnaithe eile an CPL a ndéantar difear dóibh, caillteanais a thabhú ar mó iad ná na caillteanais a thabhóidís mura ndéanfadh an t-údarás réitigh an ghníomhaíocht réitigh i ndáil leis an CPL agus go mbeidís, ina ionad sin, faoi réir gach oibleagáid gan íoc de bhun rialacha mainneachtana an CPL nó socruithe eile conarthacha ina rialacha oibríochta agus go bhfoirceannfaí an CPL de réir na ngnáthimeachtaí dócmhainneachta (an prionsabal gan creidiúnaí ar bith a bheith níos measa as).
Affected shareholders, clearing members and other creditors of the CCP should not incur losses greater than those which they would have incurred if the resolution authority had not taken resolution action in relation to the CCP and they had instead been subject to all applicable outstanding obligations pursuant to the CCP’s default rules or other contractual arrangements in its operating rules, and the CCP had been wound up in normal insolvency proceedings (‘no creditor worse off’ principle).
#1912894
tuairisc ar na bearta chun inaistritheacht suíomhanna agus sócmhainní gaolmhara na gcomhaltaí imréitigh agus chliaint an CPL mainneachtana ón CPL mainneachtana go CPL eile, nó go CPL idirlinne, a éascú gan difear a dhéanamh ag an am céanna do na caidrimh chonarthacha idir comhaltaí imréitigh agus a gcuid cliant.
a description of the measures to facilitate the portability of positions and related assets of the clearing members and clients of the defaulting CCP from the defaulting CCP to another CCP or a bridge CCP while not affecting the contractual relationships between the clearing members and their clients.
#1913186
Agus na huirlisí réitigh á gcur i bhfeidhm, áiritheoidh na húdaráis réitigh, ar bhonn luacháil a chomhlíonann Airteagal 25, athbhunú leabhair chomhoiriúnaithe, leithdháileadh iomlán na gcaillteanas, athshlánú acmhainní réamh-mhaoinithe an CPL nó an CPL idirlinne, agus athchaipitliú an CPL nó an CPL idirlinne.
When applying the resolution tools, resolution authorities shall ensure, on the basis of a valuation that complies with Article 25, the restoration of a matched book, the full allocation of losses, the replenishment of the pre-funded resources of the CCP or the bridge CCP, and the recapitalisation of the CCP or the bridge CCP.
#1913378
go mbunaítear nó go n-úsáidtear é chun na hionstraimí úinéireachta ar fad nó cuid díobh arna n-eisiúint ag CPL faoi réiteach a fháil agus a shealbhú nó sócmhainní, cearta, oibleagáidí agus dliteanais an CPL ar fad, nó cuid díobh, a fháil agus a shealbhú d’fhonn feidhmeanna criticiúla an CPL a choinneáil ar bun agus an CPL a dhíol ina dhiaidh sin.
is established or used for the purpose of receiving and holding some or all of the instruments of ownership issued by a CCP under resolution or some or all of the assets, rights, obligations and liabilities of the CCP with a view to maintaining the critical functions of the CCP and subsequently selling the CCP.
#1913382
don CPL faoi réiteach, i gcás ina ndearnadh an t-aistriú chuig an CPL idirlinne trí shócmhainní nó trí dhliteanais uile an CPL sin, nó cuid díobh, a aistriú chuig an CPL idirlinne;
the CCP under resolution, where the transfer to the bridge CCP has been effected by transferring some or all of the assets or liabilities of that CCP to the bridge CCP;
#1913397
Ní bheidh aon éileamh ag scairshealbhóirí, creidiúnaithe, comhaltaí imréitigh agus cliaint an CPL faoi réiteach agus tríú páirtithe eile nach n-aistrítear na sócmhainní, cearta, oibleagáidí nó dliteanais atá acu chuig an CPL idirlinne, ní bheidh aon chearta acu ar na sócmhainní, ar na cearta, oibleagáidí nó dliteanais arna n-aistriú chuig an CPL idirlinne, nó in aghaidh bhord nó lucht bainistíochta sinsearaí an CPL idirlinne, nó i dtaca leo.
Shareholders, creditors, clearing members and clients of the CCP under resolution and other third parties whose assets, rights, obligations or liabilities are not transferred to the bridge CCP, shall have no rights over, or in relation to, the assets, rights, obligations or liabilities transferred to the bridge CCP, or against its board or senior management.
#1913414
Faoi réir aon srianta arna bhforchur i gcomhréir le rialacha iomaíochta an Aontais nó rialacha iomaíochta náisiúnta, is é lucht bainistíochta an CPL idirlinne a oibreoidh an CPL idirlinne agus é mar chuspóir aige feidhmeanna criticiúla an CPL idirlinne a choinneáil ar bun agus an CPL idirlinne nó aon chuid de na sócmhainní, cearta, oibleagáidí agus dliteanais atá aige a dhíol le ceannaitheoir amháin nó níos mó ón earnáil phríobháideach.
Subject to any restrictions imposed in accordance with Union or national competition rules, the management of the bridge CCP shall operate the bridge CCP with the objective of maintaining continuity of the bridge CCP’s critical functions and selling the bridge CCP or any of its assets, rights, obligations and liabilities to one or more private sector purchasers.
#1913475
ionstraimí fiachais nó dliteanais neamhurraithe eile de CPL faoi réiteach a chomhshó ina n-ionstraimí úinéireachta den CPL sin nó de CPL idirlinne ar aistríodh sócmhainní, cearta, oibleagáidí nó dliteanais CPL faoi réiteach chuige;
to convert debt instruments or other unsecured liabilities of a CCP under resolution into instruments of ownership of that CCP or of a bridge CCP to which assets, rights, obligations or liabilities of the CCP under resolution have been transferred;
#1913510
leanúnachas conarthaí a rinne an CPL faoi réiteach, chun go nglacfaidh an ceannaitheoir nó an CPL idirlinne cearta agus dliteanais an CPL faoi réiteach a bhaineann le haon ionstraim airgeadais, ceart, oibleagáid, sócmhainn nó dliteanas a aistríodh agus chun dul in ionad an CPL faoi réiteach, go sainráite nó go hintuigthe, sna doiciméid chonarthacha ábhartha ar fad;
the continuity of contracts entered into by the CCP under resolution, in order for the purchaser or bridge CCP to assume the rights and liabilities of the CCP under resolution relating to any financial instrument, right, obligation, asset or liability that has been transferred and to replace the CCP under resolution, expressly or implicitly, in all relevant contractual documents;
#1913536
Féadfaidh an t-údarás réitigh a cheangal ar CPL faoi réiteach, ar aon eintiteas sa ghrúpa céanna leis an CPL nó ar aon cheann de chomhaltaí imréitigh an CPL aon seirbhísí nó saoráidí is gá a sholáthar chun a chur ar chumas ceannaitheora nó CPL idirlinne an gnólacht a aistreofar chuige a oibriú go héifeachtach.
The resolution authority may require a CCP under resolution, any entity belonging to the same group as the CCP or any of the CCP’s clearing members to provide any services or facilities that are necessary to enable a purchaser or bridge CCP to operate effectively the business transferred to it.
#1913942
“Cuirfidh an CPL an t-údarás inniúil ar an eolas maidir le haon fhorbairt dhiúltach shuntasach maidir le próifíl riosca aon cheann dá chomhaltaí imréitigh arna cinneadh i gcomhthéacs mheasúnú an CPL dá dtagraítear sa chéad fhomhír nó aon mheasúnú eile le conclúid chomhchosúil, lena n-áirítear aon mhéadú ar an riosca a thugann aon chomhaltaí imréitigh dá chuid chuig an CPL, a mheasann an CPL go bhféadfadh an riosca sin nós imeachta mainneachtana a ghníomhachtú.”;
‘The CCP shall inform the competent authority of any significant negative development regarding the risk profile of any of its clearing members determined in the context of the CCP’s assessment referred to in the first subparagraph or any other assessment with similar conclusion, including any increase in the risk that any of its clearing members brings to the CCP, which the CCP considers to have the potential of triggering a default procedure.’;
#1914110
agus Airteagal 34 agus Airteagal 49(1) de Rialachán (AE) 648/2012 á gcur san áireamh, raon cásanna a dhéanfadh difear mór d’fhóntacht airgeadais nó d’inmharthanacht oibríochtúil an CPL agus a bheadh ina dtoradh ar strus nó ar mhainneachtain ceann amháin nó níos mó dá chomhaltaí, lena n-áirítear cásanna a théann thar strus nó mainneachtain an dá chomhalta imréitigh ar a laghad a bhfuil na neamhchosaintí is mó ina leith ag an CPL faoi dhálaí margaidh atá foircneach ach sochreidte, agus a bheadh ina dtoradh freisin ar chúiseanna eile lena n-áirítear caillteanais ó ghníomhaíochtaí infheistíochta an CPL nó ó fhadhbanna oibríochtúla, lena n-áirítear mórbhagairtí seachtracha ar oibríochtaí CPL i ngeall ar chur isteach seachtrach, suaitheadh seachtrach nó eachtra sheachtrach chibearbhunaithe.
taking into account Article 34, and Article 49(1), of Regulation (EU) No 648/2012, a range of scenarios that would severely affect the financial soundness or operational viability of the CCP and result both from the stress or default of one or more of its members, including scenarios going beyond the stress or default of at least the two clearing members to which the CCP has the largest exposures under extreme but plausible market conditions, and from other reasons including losses from the CCP’s investment activities or from operational problems, including severe external threats to a CCP’s operations due to an external disruption, shock or cyber-related incident.
#2728105
Agus struchtúr caipitil agus próifíl riosca CPL á gcur san áireamh chun measúnú a dhéanamh ar phlean téarnaimh an CPL sin, ba cheart do na húdaráis inniúla agus do choláistí maoirseachta a bhreithniú an bhfuil an plean téarnaimh iomchuí chun leordhóthanacht acmhainní airgeadais an CPL a áirithiú, lena n-áirítear, i gcás inar gá, chun a áirithiú go ndéanfar an CPL a athchaipitliú go tráthúil, go ndéanfar a acmhainní réamh-mhaoinithe a athshlánú, agus chun aghaidh a thabhairt ar aon bhearna chistiúcháin agus leachtachta.
When taking into consideration a CCP’s capital structure and risk profile to assess the recovery plan of that CCP, competent authorities and supervisory colleges should consider whether the recovery plan is appropriate to ensure the adequacy of the CCP’s financial resources, including where necessary to ensure a timely recapitalisation of the CCP, the replenishment of its pre-funded resources, and to address any funding and liquidity gap.
#2728108
Agus inionadaitheacht ghníomhaíochtaí CPL á cur san áireamh chun measúnú a dhéanamh ar phlean téarnaimh an CPL sin, ba cheart do na húdaráis inniúla agus do choláistí maoirseachta breithniú a dhéanamh ar an gcaoi a mbeartaítear le plean téarnaimh an CPL sin go bhféadfadh CPLanna eile atá údaraithe san Aontas nó CPLanna tríú tír aitheanta cuid de sheirbhísí imréitigh an CPL nó iad go léir a chur ar fáil chun an riosca go gcuirfí isteach ar sheirbhísí atá fíor-riachtanach don fhíorgheilleagar agus don chobhsaíocht airgeadais a mhaolú.
When taking into consideration the substitutability of a CCP’s activities to assess the recovery plan of that CCP, competent authorities and supervisory colleges should consider how that CCP’s recovery plan envisages that part or all of the CCP’s clearing services could be provided by other authorized Union CCPs or recognized third-country CCPs to mitigate the risk of disruption of services that are essential to the real economy and to financial stability.
#2849018
Tar éis d’údarás réitigh an CPL iarraidh ábhartha a fháil chun páirt a ghlacadh sa choláiste réitigh ó údarás inniúil nó údarás réitigh na gcomhaltaí imréitigh atá bunaithe i dtríú tíortha nó ó údarás inniúil nó údarás réitigh CPLanna tríú tír a bhfuil socruithe idir-inoibritheachta dá dtagraítear in Airteagal 4(4) de Rialachán (AE) 2021/23 bunaithe ag an CPL leo, nó i gcás ina bhfuil sé beartaithe ag údarás réitigh an CPL iarraidh orthu a bheith rannpháirteach sa choláiste réitigh, cuirfidh údarás réitigh an CPL an iarraidh nó an rún atá aige iarraidh orthu a bheith rannpháirteach in iúl don choláiste réitigh.
Upon receipt of a relevant request to participate in the resolution college from the competent authority or resolution authority of clearing members established in third countries or the competent authority or resolution authority of third-country CCPs with which the CCP has established interoperability arrangements as referred to in Article 4(4) of Regulation (EU) 2021/23, or when the resolution authority of the CCP intends to invite them to participate in the resolution college, the resolution authority of the CCP shall communicate the request or the intention to invite to the resolution college.
#2849176
I gcás ina n-eagróidh údarás réitigh an CPL plé leis an CPL maidir le príomhghnéithe an dréachtphlean réitigh, ar bhonn na tuairime a fuarthas ón CPL i gcomhréir le hAirteagal 12(8) de Rialachán (AE) 2021/23, agus ar bhonn mheasúnú an CPL ar inréiteacht de bhun Airteagal 12(2), pointe (h), den Rialachán seo, déanfaidh sé amhlaidh go tráthúil agus in aon chás laistigh de na sprioc-amanna a leagtar síos sa chéim ábhartha den tráthchlár cinnteoireachta comhpháirtí le haghaidh plean réitigh.
When the resolution authority of the CCP organises a discussion with the CCP on the key elements of the draft resolution plan, based on the opinion received from the CCP in accordance with Article 12(8) of Regulation (EU) 2021/23, and the resolvability assessment of the CCP pursuant to Article 12(2), point (h), of this Regulation, it shall do so in a timely manner and in any event within the deadlines set in the relevant step of the joint decision timetable for a resolution plan.
#2849361
tuairisc ar na príomhspleáchais idir feidhmeanna criticiúla agus idirthuilleamaíochtaí criticiúla agus ar na príomhshocruithe agus na príomhphróisis inmheánacha agus sheachtracha, lena n-áirítear oibríochtaí, nósanna imeachta TF, liosta den phríomhfhoireann agus de na príomhsholáthraithe seirbhíse is gá chun go leanfaidh an CPL dá fheidhmeanna criticiúla a sholáthar, nó aon ghné eile a d’fhéadfadh a bheith riachtanach a bhreithniú i bhfianaise aistriú féideartha roinnt oibríochtaí de chuid an CPL nó oibríochtaí uile an CPL chuig bonneagar margaidh airgeadais eile nó CPL idirlinne eile, i gcás inar cuid den straitéis réitigh atá beartaithe é sin;
a description of the main dependencies between critical functions and critical interdependencies and of the key internal and external arrangements and processes, including operations, IT procedures, a list of key staff and main service providers that are necessary for the CCP to continue providing its critical functions, or any other aspects that may be necessary to consider in view of a possible transfer of some or all of the operations of the CCP to another financial market infrastructure or bridge CCP, where that is part of the proposed resolution strategy;
#3214204
Chun an seans is fearr is féidir a bheith acu a gcuspóirí a bhaint amach, ba cheart iad a bheith oiriúnach do sheirbhísí imréitigh an CPL, ba cheart dóibh na dálaí margaidh eacnamaíocha agus airgeadais faoina bhfeidhmeoidh an CPL a chur san áireamh, ba cheart dóibh aon éifeacht ar gheallsealbhóirí ábhartha an CPL a mheas, agus ba cheart dóibh leanúnachas fheidhmeanna criticiúla an CPL agus comhlíonadh na gceanglas rialála araon a áirithiú.
In order to maximise their chance of achieving their objectives, they should be suitable for the CCP’s clearing services, should take into account the economic and financial market conditions under which the CCP will operate, should consider any effect on the CCP’s relevant stakeholders, and should ensure both the continuity of the CCP’s critical functions and compliance with regulatory requirements.
#3214375
gur cuireadh saintréithe an CPL san áireamh sna bearta atá beartaithe, san amchlár dá gcur chun feidhme agus sa mheasúnú ar na critéir feidhmiúcháin, lena n-áirítear eagrú gnó agus seirbhísí imréitigh, na naisc le comhaltaí imréitigh, agus a mhéid atá an fhaisnéis ar fáil, cliaint dhíreacha agus cliaint indíreacha an CPL, ionaid trádála, creidiúnaithe agus soláthraithe seirbhísí criticiúla agus aon idirthuilleamaíocht ábhartha de chuid an CPL le heintitis eile atá ábhartha don CPL nó socruithe idir-inoibritheachta le BMAnna eile;
that the planned measures, the timetable for their implementation and the assessment of the performance criteria have taken into account the specific characteristics of the CCP, including business organisation and clearing services, the links with clearing members, and to the extent the information is available, the direct clients and indirect clients of the CCP, trading venues, creditors and critical service providers and any material interdependencies of the CCP with other entities relevant to the CCP or interoperability arrangements with other FMIs;
#678524
ciallaíonn “contrapháirtí lárnach” nó “CPL” CPL mar atá sainmhínithe i bpointe 1 d’Airteagal 2 de Rialachán (AE) Uimhir 648/2012;
‘central counterparty’ or ‘CCP’ means a CCP as defined in point (1) of Article 2 of Regulation (EU) No648/2012;
#678625
I gcás idirbheart a imréiteoidh CPL, is é CPL an t-eintiteas a fheidhmeoidh an ceannach isteach i gcomhréir le mír 3 go mír 8.
for transactions cleared by a CCP, the CCP shall be the entity that executes the buy-in according to paragraphs 3 to 8;
#1799772
K CPL = an caipiteal hipitéiseach
K CCP = the hypothetical capital;
#1902566
CPL a imréitíonn babhtálacha urrúsbhunaithe, meastar i gcónaí go bhfuil próifíl riosca níos casta aige.
A CCP clearing security-based swaps is always considered to have a more complex risk profile.
#1902567
Thairis sin, an Financial Stability Oversight Council (Comhairle Maoirseachta na Cobhsaíochta Airgeadais), féadfaidh sé CPL a ainmniú mar CPL a bhfuil tábhacht shistéamach leis de bhun Acht Dodd-Frank.
Moreover, the Financial Stability Oversight Council may designate a CCP as systemically important pursuant to the Dodd-Frank Act.