(1) The resolution authority may require the central counterparty to include the position allocation and loss allocation tools under Articles 29 to 31 of Regulation (EU) 2021/23 in its operating rules.
(2) The Federal Financial Supervisory Authority may, in an individual case, issue directions to a central counterparty that are suitable and necessary to ensure compliance with Regulation (EU) 2021/23.
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Part 5 · Special Provisions for Central Counterparties › Section 152d
Resolution tools; power of direction
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