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Article 25 › 4

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REGULATION (EU) No 648/2012 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance) · European Union

The CCP referred to in paragraph 1 shall submit its application to ESMA. The applicant CCP shall provide ESMA with all information necessary for its recognition. Within 30 working days of receipt, ESMA shall assess whether the application is complete. If the application is not complete, ESMA shall set a deadline by which the applicant CCP has to provide additional information. The recognition decision shall be based on the conditions set out in paragraph 2 and shall be independent of any assessment as the basis for the equivalence decision as referred to in Article 13(3). ESMA shall consult the authorities and entities referred to in paragraph 3 prior to taking its decision. Within 180 working days of the submission of a complete application, ESMA shall inform the applicant CCP in writing, with a fully reasoned explanation, whether the recognition has been granted or refused. ESMA shall publish on its website a list of the CCPs recognised in accordance with this Regulation.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04