Updated 23/06/2024
In force since 11/02/2021

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CCP Recovery and Resolution Regulation (CCPRRR)

Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (Text with EEA relevance)

Recitals
Article 32 - Requirement to write down and convert instruments of ownership and debt instruments or other unsecured liabilitiesArticle 33 - Provisions governing the write-down or conversion of instruments of ownership and debt instruments or other unsecured liabilities GLArticle 34 - Effect of write-down and conversionArticle 35 - Removal of procedural obstacles for write-down and conversionArticle 36 - Submission of a business reorganisation planArticle 37 - Content of the business reorganisation plan RTSArticle 38 - Assessment and adoption of the business reorganisation plan RTSArticle 39 - Implementation and monitoring of the business reorganisation plan
Article 48 - General powersArticle 49 - Ancillary powersArticle 50 - Special managementArticle 51 - Power to require the provision of services and facilitiesArticle 52 - Power to enforce crisis prevention measures or resolution actions by other Member StatesArticle 53 - Power in respect of assets, contracts, rights, liabilities, obligations and instruments of ownership of persons located in or governed by the law of third countriesArticle 54 - Exclusion of certain contractual terms in early intervention and resolutionArticle 55 - Power to suspend certain obligationsArticle 56 - Power to restrict the enforcement of security interestsArticle 57 - Power to temporarily suspend termination rightsArticle 58 - Power to exercise control over the CCPArticle 59 - Exercise of powers by the resolution authorities
Article 60 - No creditor worse off principleArticle 61 - Valuation for the application of the no creditor worse off principle RTSArticle 62 - Safeguard for shareholders, clearing members and other creditorsArticle 63 - Safeguard for clients and indirect clients RTSArticle 64 - Recoupment of paymentsArticle 65 - Safeguard for counterparties in partial transfersArticle 66 - Protection for financial collateral, set off and netting arrangementsArticle 67 - Protection for security arrangementsArticle 68 - Protection for structured finance arrangements and covered bondsArticle 69 - Partial transfers: protection of trading, clearing and settlement systems
Article 86 - Amendments to Regulation (EU) No 1095/2010Article 87 - Amendments to Regulation (EU) No 648/2012Article 88 - Amendment to Regulation (EU) 2015/2365Article 89 - Amendments to Directive 2002/47/ECArticle 90 - Amendment to Directive 2004/25/ECArticle 91 - Amendments to Directive 2007/36/ECArticle 92 - Amendment to Directive (EU) 2017/1132Article 93 - Amendment to Directive 2014/59/EUArticle 94 - Amendment to Regulation (EU) No 806/2014Article 95 - Amendment to Regulation (EU) No 600/2014
ANNEX