{
  "url": "https://openlegislation.uk/eu-regulation-2013-876/article-5",
  "json_url": "https://openlegislation.uk/eu-regulation-2013-876/article-5.json",
  "legislation": "eur/2013/876",
  "legislation_title": "Commission Delegated Regulation (EU) No 876/2013 of 28 May 2013 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on colleges for central counterparties (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2013-876",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Exchange of information among authorities",
  "text": "1. Each member of a college shall provide, in a timely manner, the CCP’s competent authority with all information necessary for the operational functioning of the college and for the performance of the key activities in which the member participates. The CCP’s competent authority shall provide the members of the college with similar information in a timely manner.\n2. The CCP’s competent authority shall at least provide the following information to the college:\n(a) significant changes to the structure and ownership of the CCP’s group;\n(b) significant changes in the level of the CCP’s capital;\n(c) changes in the organisation, senior management, processes or arrangements when those changes have a significant impact on governance or risk management;\n(d) a list of clearing members of the CCP;\n(e) details of the authorities involved in the supervision of the CCP, including any changes in their responsibilities;\n(f) information on any material threats to the CCP’s ability to comply with Regulation (EU) No 648/2012 and relevant delegated and implementing regulations;\n(g) difficulties that have potentially significant spill-over effects;\n(h) factors which suggest a potentially high risk of contagion;\n(i) significant developments in the financial position of the CCP;\n(j) early warnings of possible liquidity difficulties, or major fraud;\n(k) events of member default and any follow-up actions;\n(l) sanctions and exceptional supervisory measures;\n(m) reports on performance problems or incidents occurred and remedial actions taken;\n(n) regular data on the activity of the CCP, the scope and frequency of which shall be agreed as part of the written agreement described in Article 2;\n(o) overview of major commercial proposals, including new products or services to be offered;\n(p) changes in the CCP’s risk model, stress testing and back testing;\n(q) changes in the CCP’s interoperability arrangements, where applicable.\n3. The exchange of information between the members of the college shall reflect their responsibilities and information needs. To avoid unnecessary information flows, the exchange of information shall be kept proportionate and risk-focused.\n4. The members of the college shall consider the most effective ways of communicating information to ensure continuous, timely and proportionate exchange of information.\n5. The risk assessment report to be prepared by a CCP’s competent authority in accordance with Article 19(1) of Regulation (EU) No 648/2012 report shall be submitted to the college within an appropriate timescale to ensure that college members are able to review it and contribute to it if required.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2013/876/article/5",
    "retrieved_at": "2026-11-01T14:48:25.454625+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}