Covered CCP definition

Covered CCP means a CCP licensed under s824B(1) of the Corporations Act 2001 (Cth) to operate a clearing and settlement facility in Australia that:

Covered CCP means a CCP established in Hong Kong and authorised by the SFC that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in Hong Kong and authorised by the SFC that is already recognised by XXXX as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in Canada and recognized either (i) as a clearing agency in the province of Ontario; or (ii) as a clearing house in the province of Québec; or (iii) as a clearing agency in the province of Manitoba under The Securities Act or designated as a clearing house under The Commodity Futures Act, which has applied for recognition to, or where the context permits, has been recognized by, ESMA pursuant to Article 25 of EMIR;

Examples of Covered CCP in a sentence

• The Requesting Authority may use non-public information obtained under this MoU solely for the purpose of ensuring, monitoring or assessing compliance by a Covered CCP with the Laws and Regulations of the Requesting Authority.

• The Authorities recognise in particular the importance of close cooperation in the event that a Covered CCP, particularly one whose failure likely would be systemically important to an Authority, experiences, or is threatened by, a potential financial crisis or other Emergency Situation.

• ESMA should coordinate with the relevant CBI(s) regarding an Emergency Situation of a Covered CCP and any emergency measures that the CBI may consider appropriate.

• The Authorities acknowledge that nothing in this Article prevents an Authority from disclosing information it receives directly from a Covered CCP.

• The restrictions in this Article do not apply to an Authority’s use of information it obtains directly from a Covered CCP.

More Definitions of Covered CCP

Covered CCP means a CCP established in Indonesia and authorised by the OJK that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in Indonesia and authorised by OJK that is already recognised by ESMA as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in Switzerland and authorised by FINMA that has applied or that may apply to ESMA for recognition as a third- country CCP pursuant to Article 25 of EMIR or a CCP established in Switzerland and authorised by FINMA that is already recognised by ESMA as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in UAE and authorised by the SCA that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in UAE and authorised by the SCA that is already recognised by ESMA as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in Singapore and authorised by MAS as an Approved Clearing House or a Recognised Clearing House that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in Singapore and authorised by MAS as an Approved Clearing House or a Recognised Clearing House that is already recognised by ESMA as a third-country CCP pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in Mexico and authorised by the CNBV that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in Mexico and authorised by the CNBV that is already recognised by XXXX as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in Japan and which has been licensed or approved as “Financial Instruments Clearing Organization” under the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948) and authorised by JFSA that has applied or that may apply to ESMA for recognition as a third- country CCP pursuant to Article 25 of EMIR or a CCP established in Japan and authorised by JFSA that is already recognised by ESMA as a third-country CCP, pursuant to Article 25 of EMIR;

Covered CCP means a CCP established in the People’s Republic of China and authorised by the People’s Bank of China that has applied or that may apply to ESMA for recognition as a third-country CCP pursuant to Article 25 of EMIR or a CCP established in the People’s Republic of China and authorised by the People’s Bank of China that is already recognised by XXXX as a third- country CCP, pursuant to Article 25 of EMIR;