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Version date: 16 January 2024 - onwards
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Article 22a Plans for recovery and orderly wind-down

1. The CSD shall identify scenarios that could potentially prevent it from being able to provide its critical operations and services as a going concern and shall assess the effectiveness of a full range of options for recovery or orderly wind-down. Those scenarios shall take into account the various independent and related risks to which the CSD is exposed. Using that analysis, the CSD shall prepare and submit to the competent authority appropriate plans for its recovery or orderly wind-down.

2. The plans referred to in paragraph 1 shall have regard to the size, systemic importance, nature, scale and complexity of the activities of the CSD concerned and contain at least the following:

(a) a substantive summary of the key recovery or orderly wind-down strategies;

(b) an identification of the CSD's critical operations and services;

(c) adequate procedures ensuring the raising of additional capital in cases where the CSD's equity capital approaches or falls below the requirements laid do

Comparing proposed amendment...