Point 4.2. · Commission Delegated Regulation (EU) 2021/1456

Contents

1. Transparency of the on-boarding process
2. Form for a request for proposal
3. Disclosure of commercial terms
4. Risk control assessment
5. Commercial terms
6. Fees and pass-on costs
7. Refusal of clearing orders, suspension, liquidation or close out of client positions and notice periods

4.2.The clearing service provider informs the prospective client or the client of the outcome of the assessment referred to in point 4.1.Where that outcome is negative, the clearing service provider informs the prospective client or the client, upon request, of the main reasons for the negative assessment and of the criteria laid down in Article 25(1) of Delegated Regulation (EU) 2017/589 which have not been fulfilled.