Financial resources endowment of central counterparties

When assessing the adequacy of financial resources, the Federal Institute may order that a central counterparty must comply with requirements on own funds and other financial resources that exceed the requirements of Articles 16 and 43 of Regulation (EU) No 648/2012, in particular 1. to ensure the build-up of an additional financial resources buffer for periods of economic downturn, 2. to address risks arising from corporate structuring arrangements or dependencies of a central counterparty, in particular as part of an institutional group or financial holding group, or 3. to address a particular business situation of a central counterparty.