Commentaries: Art. 26

The operator shall identify scenarios that might jeopardise its viability as a going concern, and shall prepare a plan to ensure:
1. the recovery or orderly wind-down of systemically important business processes in the event of impending insolvency or other scenarios jeopardising its viability as a going concern;
2. the orderly wind-down of systemically important business processes in the event of a voluntary cessation of business.
The plan shall, in particular, describe the measures to be taken by the operator as well as the resources required to implement these measures. The plan shall take into account the length of time required for the participants to connect to an alternative financial market infrastructure.