Capital requirements for winding-down or restructuring
Article 7
A CSD shall calculate its capital requirements for winding down or restructuring by applying the following steps in sequence:
(a)
estimate the time span required for winding-down or restructuring for all of the stress scenarios referred to in the Annex consistently with the plan referred to in Article 47(2) of Regulation (EU) No 909/2014;
(b)
divide the CSD's annual gross operational expenses determined in accordance with Article 6(3) by twelve (‘monthly gross operational expenses’);
(c)
multiply the monthly gross operational expenses referred to in point (b) by the longer of the following points:
(i)
the time span referred to in point (a);
(ii)
six months.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 7 of Commission Delegated Regulation (EU) 2017/390 (LawPlayer, data as of 2026-07-04)
