Where the Federal Institute considers that there is a risk of excessive concentration arising from exposures to a central counterparty, it may instruct the managers of an institution 1. to reduce the institution's exposures to this central counterparty, or 2. to reallocate exposures across the institution's clearing accounts in accordance with Article 7a of Regulation (EU) No 648/2012.
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Section 48a
Measures in the event of a risk of excessive concentration of exposures to a central counterparty
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