European Commission 28 November 2016, Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, and (EU) 2015/2365

EUROPEAN COMMISSION Brussels, 28.11.2016 COM(2016) 856 final 2016/0365(COD) Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, and (EU) 2015/2365 (Text with EEA relevance) {SWD(2016) 368 final} {SWD(2016) 369 final} EXPLANATORY MEMORANDUM 1.