Proposal for a directive
Article 2 – paragraph 1 – point 5
Directive 2013/36/EU
Article 104 – paragraph 1
(5) Article 104, (1) is amended as follows: (a) the introductory wording is replaced by the following: ‘For the purposes of Article 97, Article 98(1), point (b), Article 98(4), (5) and (9), Article 101(4) and Article 102 of this Directive and of the application of Regulation (EU) No 575/2013, competent authorities shall have at least the power to:;’ ‘[(n)] require institutions to reduce exposures towards a central counterparty or to realign exposures across their clearing accounts in accordance with Article 7a of Regulation (EU) No 648/2012, where the competent authority considers there is excessive concentration risk towards that central counterparty.;’deleted