4 Amendments of Gabriel MATO related to 2016/0365(COD)
Amendment 276 #
Proposal for a regulation
Article 2 – paragraph 1 – point 48 a (new)
Article 2 – paragraph 1 – point 48 a (new)
(48a) 'non-default losses' means the losses suffered by the CCP, clearing members or clients of clearing members not resulting from and not related to the default of one or several clearing members. Non-default losses may result from or may be related to: i) investment and custody risks; ii) general business or operational risks, including cyber risk or fraud; or iii) uncovered liquidity shortfalls. Loss allocation for non-default losses shall be proportional to the level of responsibility of each stakeholder involved in the event that leads to the loss and to the level of gains or benefits obtained by the relevant stake holder from or in relation to such event.
Amendment 277 #
Proposal for a regulation
Article 2 – paragraph 1 – point 48 b (new)
Article 2 – paragraph 1 – point 48 b (new)
(48b) 'default losses' means the losses suffered by the CCP, clearing members or clients of clearing members resulting from or related to the default of one or several clearing members.
Amendment 354 #
Proposal for a regulation
Article 9 a (new)
Article 9 a (new)
Article 9a National insolvency law rules relating to the voidability or unenforceability of legal acts detrimental to creditors shall not apply to measures taken by a CCP in accordance with its recovery plan established under this Regulation.
Amendment 435 #
Proposal for a regulation
Article 19 – paragraph 2 a (new)
Article 19 – paragraph 2 a (new)
2a. National insolvency law rules relating to the voidability or unenforceability of legal acts detrimental to creditors shall not apply to early intervention measures taken by the competent authority in accordance with this Regulation.