Changes to EU Mandatory Clearing Front Loading Timing, Group Transactions and Funds

+0
0 Views

Bill: You need to read this letter carefully as it contains significant changes to the timing of frontloading, and also an exemption for intragroup (affiliate trades):

  • All intragroup trades are ecempt from mandatory clearing for three years
  • The start date for front-loading is delayed by two months for category 1 firms, after the final RTS enter into force
  • The start date for front-loading is delayed by give months for category 2 firms, after the final RTS enter into force
  • The threshold for application of the mandatory clearing will be refined to restrict the calculation to distinct funds which are discrete legal entities

Preview Attachment Size
  rts_for_irs_annexe_acte_autonome_nlw_part1_v1.doc 50.5 KB
Reference: 
EC 18/12/2014 annex
Author: 
ESMA
Show on key date: 
Show on key date
Share