Article 311 › 3

Where the condition in point (b) of paragraph 1 has been met, irrespective of whether the condition in point (a) of that paragraph has been met or not, an institution shall, within three months of the circumstance set out in point (b) of that paragraph arising, or earlier where the competent authority of the institution requires it, do the following with respect to its exposures to that CCP: (a) cease to apply the treatment it chose in accordance with Article 301(2); (b) apply the treatment set out in point (b) of Article 306(1) to its trade exposures to that CCP; (c) apply the treatment set out in Article 309 to its pre-funded contributions to the default fund of that CCP and to its unfunded contributions to that CCP; (d) treat exposures other than those listed in points (b) and (c) to that CCP as exposures to a corporate in accordance with the Standardised Approach for credit risk as set out in Chapter 2.

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