{
  "url": "https://openlegislation.uk/eu-regulation-2018-1229/article-19",
  "json_url": "https://openlegislation.uk/eu-regulation-2018-1229/article-19.json",
  "legislation": "eur/2018/1229",
  "legislation_title": "Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2018-1229",
  "path": "article/19",
  "kind": "article",
  "number": "19",
  "heading": "Penalty mechanism where the participant is a CCP",
  "text": "Where the failing or the receiving participant is a CCP, CSDs shall ensure the following:\n(a) that CCPs are provided with the calculation of the cash penalties for the failed settlement instructions submitted by those CCPs;\n(b) that CCPs collect the cash penalties referred to in point (a) from the clearing members that caused the settlement fails;\n(c) that CCPs distributes the cash penalties referred to in point (b) to the clearing members that are affected by the settlement fails;\n(d) that CCPs report to the CSD on the penalties that they have collected and distributed, on a monthly basis.",
  "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/2018/1229/article/19",
    "retrieved_at": "2026-11-01T14:43:58.393159+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."
}