TITLE IVREQUIREMENTS FOR CCPs
F1 X1CHAPTER 4 Calculations and reporting for the purposes of Regulation (EU) No 575/2013
Article 50c Reporting of information
1.
For the purposes of Article 308 of F2Chapter 3 of the Counterparty Credit Risk (CRR) Part of the PRA Rulebook F3and Chapter 10 of the Prudential Sourcebook for MiFID Investment Firms (MIFIDPRU) in the FCA Handbook, a CCP shall report the following information to those of its clearing members which are institutions F4or FCA investment firms and to their competent authorities:
(a)
the hypothetical capital (K CCP );
(b)
the sum of pre-funded contributions (DF CM );
(c)
the amount of its pre-funded financial resources that it is required to use — by law or due to a contractual agreement with its clearing members — to cover its losses following the default of one or more of its clearing members before using the default fund contributions of the remaining clearing members (DF CCP );
F5 (d)
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F6 (e)
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Where the CCP has more than one default fund, it shall report the information in the first subparagraph for each default fund separately.
2.
The CCP shall notify those of its clearing members which are institutions F7or FCA investment firms at least quarterly or more frequently where required by the competent authorities of those clearing members.
3.
F8The Bank of England, having consulted the PRA and the FCA, may make technical standards specifying the following:
(a)
the uniform template for the purpose of the reporting specified in paragraph 1;
(b)
the frequency and dates of the reporting specified in paragraph 2;
(c)
the situations in which the competent authority of an institution F9or FCA investment firm acting as a clearing member may require higher frequencies of reporting than those referred to in point (b).