CHAPTER INON-DISCRIMINATORY ACCESS TO CCPs AND TRADING VENUES

SECTION 2 Non-discriminatory access to trading venues

Article 7Denial of access by a trading venue based on other factors creating significant undue risks

A trading venue may deny an access request on grounds of significant undue risks in any of the following cases:

  1. (a)
    threat to the economic viability of the trading venue or its ability to meet minimum capital requirements under Article 47(1)(f) of Directive 2014/65/EU of the European Parliament and of the Council4;
  2. (b)

    incompatibility of trading venue rules and CCP rules that the trading venue cannot remedy in cooperation with the CCP.