Denial of access by a CCP based on operational risk and complexity
Article 3
A CCP may deny an access request on grounds of operational risk and complexity.
Operational risks and complexity shall include any of the following:
(a)
incompatibility of CCP and trading venue IT systems impeding the CCP to provide for connectivity between the systems;
(b)
lack of human resources with the necessary knowledge, skills and experience to perform the CCP's functions regarding the risk stemming from additional financial instruments where these differ from financial instruments already cleared by the CCP or inability to deploy such human resources.
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 3 of Commission Delegated Regulation (EU) 2017/581 (LawPlayer, data as of 2026-07-04)
