COMMISSION DELEGATED REGULATION (EU) 2017/581
of 24 June 2016
supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on clearing access in respect of trading venues and central counterparties
(Text with EEA relevance)
CHAPTER I
NON-DISCRIMINATORY ACCESS TO CCPs AND TRADING VENUES
SECTION 1
Non-discriminatory access to CCPs
Article 1
Conditions on the denial of access by a CCP
Article 2
Denial of access by a CCP based on the anticipated volume of transactions
Article 3
Denial of access by a CCP based on operational risk and complexity
Article 4
Denial of access by a CCP based on other factors creating significant undue risks
SECTION 2
Non-discriminatory access to trading venues
Article 5
Conditions on the denial of access by a trading venue
Article 6
Denial of access by a trading venue based on operational risk and complexity
Article 7
Denial of access by a trading venue based on other factors creating significant undue risks
Article 8
Conditions under which access is deemed to threaten the smooth and orderly functioning of markets or adversely affect systemic risk
CHAPTER II
CONDITIONS UNDER WHICH ACCESS MUST BE PERMITTED
Article 9
Conditions under which access must be permitted
Article 10
Non-discriminatory and transparent clearing fees charged by CCPs
Article 11
Non-discriminatory and transparent fees charged by trading venues
CHAPTER III
CONDITIONS FOR NON-DISCRIMINATORY TREATMENT OF CONTRACTS
Article 12
Collateral and margining requirements of economically equivalent contracts
Article 13
Netting of economically equivalent contracts
Article 14
Cross-margining of correlated contracts cleared by the same CCP
CHAPTER IV
TRANSITIONAL ARRANGEMENTS AND FINAL PROVISIONS
Article 15
Notification procedure from the CCP to its competent authority
Article 16
Notification procedure from the competent authority to ESMA and the CCP college
Article 17
Notification procedure from the trading venue to its competent authority regarding the initial transitional period
Article 18
Notification procedure from the trading venue to its competent authority regarding an extension of the transitional period
Article 19
Further specifications for the calculation of notional amount
Article 20
Approval and verification method by ESMA
Article 21
Entry into force and application
ANNEX
Name of the CCP |
Relevant contact details |
Name(s) of trading venue(s) connected by close links |
Jurisdiction(s) of trading venue(s) connected by close links |
|
|
1. 2. 3. … |
1. 2. 3. … |
Name of the CCP |
Relevant contact details |
Date of approval decision |
Dates of beginning and end of transitional period |
Name(s) of trading venue(s) connected by close links |
Jurisdiction(s) of trading venue(s) connected by close links |
|
|
|
Beginning: End: |
1. 2. 3. … |
1. 2. 3. … |
Name of the trading venue |
Relevant contact details |
Name(s) and jurisdiction(s) of trading venues in the same group based in the Union |
Name(s) and jurisdiction(s) of CCP(s) connected by close links |
|
|
1. 2. 3. … |
1. 2. 3 … |
Trading Venue: |
Traded notional amount in 2016 |
Asset class X: |
|
Asset class Y: |
|
Asset class Z: … |
|
Name of the trading venue |
Relevant contact details |
Name(s) and jurisdiction(s) of trading venues in the same group based in the Union |
Name(s) and jurisdiction(s) of CCP(s) connected by close links |
|
|
1. 2. 3. … |
1. 2. 3. … |
Name of the trading venue: |
Notional amount for rolling year … |
Notional amount for rolling year … |
Asset class X: |
|
|
Asset class Y: |
|
|
Asset class Z: … |
|
|