Project name: ’Capacity enhancement for CCPs authorisation, supervision, recovery and resolution in Croatia, Greece, Poland, Portugal, and Romania’ 

Scope of support:

The UKNF, together with supervisory authorities in Croatia, Greece, Portugal and Romania, is participating in an international project for technical assistance entitled ‘Capacity enhancement for CCPs supervision, recovery and resolution’. 

The project is financed by the European Union and implemented under the fourth allocation of the EU Technical Support Instrument (TSI), as part of cooperation between the Directorate General for Structural Reform Support (DG REFORM), the European Securities and Markets Authority (ESMA), and the beneficiaries’ administrations. 

The objective is to enhance the capacity of supervisory authorities to effectively authorise, supervise, and exercise recovery and resolution powers with respect to their domestic central counterparties (CCPs) according to the national background. The project is also an opportunity to support the cooperation and exchange of experiences and good practices between Member States’ national competent authorities.

The UKNF acts as a support beneficiary that cooperates with DG REFORM and the service provider (ESMA), to make the best use of the support measures and products.

The projects covers the mapping of regulatory requirements and good practices, analysis with recommendations on remedial measures and capacity building, through workshops and training courses, for the beneficiaries’ institutions. 

The project has been operated since the fourth quarter of 2024 and will run for 24 months.