Примери за използване на To ccps на Английски и техните преводи на Български
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Treatment of clearing members' exposures to CCPs.
The regulation applies to CCPs and their clearing members,to financial counterparties and TRs.
Article 303Treatment of clearing members' exposures to CCPs.
Title VI of this Regulation also applies to CCPs and persons with proprietary rights to benchmarks.
For effective competition between trading venues for derivatives, it is essential that trading venues have non-discriminatory andtransparent access to CCPs.
A CSD shall provide the necessary settlement information to CCPs and trading venues to enable them to fulfil their obligations under this paragraph.
Third, the ECB may be called upon to provide emergency liquidity support to banks participating in CCPs or to CCPs themselves.
(22) In order to enable ESMA to conduct its tasks with regards to CCPs effectively, both Union and third-country CCPs should pay supervisory fees for ESMA's supervisory and administrative tasks.
On 1 September 2013, the Commission received the technical advice of the European Securities and Markets Authority(ESMA) on the legal andsupervisory arrangements applicable to CCPs established in the USA.
In order to enhance the implementation of the current equivalence regime in relation to CCPs, the Commission should be able to, if necessary, specify further the criteria for assessing the equivalence of third-country CCP regimes.
It provides for an effective equivalent system for permitting CCPs andtrading venues authorised under foreign regimes access to CCPs and trading venues established in that third country;
The legally binding requirements applicable to CCPs authorised by the CFTC include high-level standards that are set out by the core principles for DCOs contained in section 5b(c)(2) of the CEA and Subparts A and B of Part 39 of the CFTC Regulations.
Trading venues should be required to provide access including data feeds on a transparent andnon-discriminatory basis to CCPs that wish to clear transactions executed on a trading venue.
It prevents competitive distortions by requiring non-discriminatory access to CCPs offering clearing of OTC derivatives to trading venues and non-discriminatory access to the trade feeds of trading venues to CCPs offering clearing of OTC derivatives.
In the derivatives legislation currently being negotiated, we can ensure that we do not create orreinforce monopolies by supporting open access to CCPs and the like, and by ensuring the availability of important data streams to all players.
(47) The validation of significant changes to models and parameters adopted to calculate a CCP's margin requirements, default fund contributions, collateral requirements, andother risk- control mechanisms should be aligned with the new requirement of a prior consent of ESMA with certain decisions of the national competent authority with regard to CCPs established in the Union.
That technical advice identified a number of differences between thelegally binding requirements applicable, at jurisdictional level, to CCPs in the USA and the legally binding requirements applicable to CCPs under Regulation(EU) No 648/2012.
(10) A specific Executive Session(“CCP Executive Session”) should be created within the Board of SSMA internal committee(“CCP Supervisory Committee”) should be created within ESMA for the purposes of preparing decisions and carrying out the tasks relating to the supervisorsion of ESMA toCCPs,handleing tasks related to CCPs in general, and superviseing Union and third- country CCPs in particular.
Those legal and supervisory arrangements should only be considered equivalent where the requirements applicable to CCPs in United Kingdom domestic law are maintained and continue to be effectively applied and enforced on an ongoing basis.
The exclusion of specific liabilities of institutions or entities from the application of the bail-in tool or from the power to suspend certain payment and delivery obligations, restrict the enforcement of security interests or temporarily suspend termination rightsas provided for in Directive 2014/59/EU, should also cover liabilities in relation to CCPs established in the Union and to third-country CCPs recognised by ESMA.
In such a situation, the ECB may be called to provide emergency liquidity support to CCPs or to banks participating in CCPs, an additional reason to carefully monitor possible risks stemming from these market infrastructures.
(10) A specific Executive Session“CCP Executive Sessioncommittee(“CCP Supervisory Committee”) should be created within the Board of SESMA for the purposes of preparing decisions and carrying out the tasks relating to the supervisorsion of ESMA toCCPs,handleing tasks related to CCPs in general, and superviseing Union and the EU facing activity of third- country CCPs in particular.
With regard to exchange-traded derivatives, it would be disproportionate to require smaller trading venues,particularly those closely linked to CCPs, to comply with non-discriminatory access requirements immediately if they have not yet acquired the technological capability to engage on a level playing field with the majority of the post-trade infrastructure market.
(28)'normal insolvency proceedings' means collective insolvency proceedings which entail the partial or total divestment of a debtor andthe appointment of a liquidator or an administrator normally applicable to CCPs under national law and either specific to those institutions or generally applicable to any natural or legal person;
This Decision is not only based, however,on a comparative analysis of the legally binding requirements applicable to CCPs in the USA, but also on an assessment of the outcome of those requirements, and their adequacy to mitigate the risks that clearing members and trading venues established in the Union may be exposed to in a manner considered equivalent to the outcome of the requirements laid down in Regulation(EU) No 648/2012.
Any suspension pursuant to paragraph 1 of this Article shall not apply to payment and delivery obligations owed to systems oroperators of systems designated in accordance with Directive 98/26/EC, nor to CCPs and third country CCPs recognised by ESMA pursuant to Article 25 of Regulation(EU) No 648/2012, nor to central banks.
Therefore, access to licences of, and information relating to, benchmarks that are used to determine the value of financial instruments should be provided to CCPs and other trading venues on a proportionate, fair, reasonable and non-discriminatory basis and any license should be on reasonable commercial terms.
(30) Since the adoption of Regulation(EU) No 575/2013, the international standard on the prudential treatment of institutions' exposures to CCPs has been amended in order to improve the treatment of institutions' exposures to qualifying CCPs(QCCPs).
Since the adoption of Regulation(EU) No 575/2013, the international standard on the prudential treatment of institutions' exposures to CCPs has been amended in order to improve the treatment of institutions' exposures to qualifying CCPs(QCCPs).
At market-wide level, CCPs to a certain extent reduce systemic risk[3].