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UK · assimilated regulation

UK Delegated Regulation (EU) 2017/581Commission 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)

Read the official text on legislation.gov.uk(opens in a new tab)

UK version of Delegated Regulation (EU) 2017/581. Changes the FCA made by standards instruments are not recorded on legislation.gov.uk, so this page cannot show whether the UK version has diverged.

Contents

CHAPTER I: NON-DISCRIMINATORY ACCESS TO CCPs AND TRADING VENUES

SECTION 1: Non-discriminatory access to CCPs

  1. Article 1 Conditions on the denial of access by a CCP
  2. Article 2 Denial of access by a CCP based on the anticipated volume of transactions
  3. Article 3 Denial of access by a CCP based on operational risk and complexity
  4. Article 4 Denial of access by a CCP based on other factors creating significant undue risks

SECTION 2: Non-discriminatory access to trading venues

  1. Article 5 Conditions on the denial of access by a trading venue
  2. Article 6 Denial of access by a trading venue based on operational risk and complexity
  3. Article 7 Denial of access by a trading venue based on other factors creating significant undue risks
  4. 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

  1. Article 9 Conditions under which access must be permitted
  2. Article 10 Non-discriminatory and transparent clearing fees charged by CCPs
  3. Article 11 Non-discriminatory and transparent fees charged by trading venues

CHAPTER III: CONDITIONS FOR NON-DISCRIMINATORY TREATMENT OF CONTRACTS

  1. Article 12 Collateral and margining requirements of economically equivalent contracts
  2. Article 13 Netting of economically equivalent contracts
  3. Article 14 Cross-margining of correlated contracts cleared by the same CCP

CHAPTER IV: TRANSITIONAL ARRANGEMENTS AND FINAL PROVISIONS

  1. Article 15 Notification procedure from the CCP to its competent authority
  2. Article 16 Notification procedure from the competent authority to ESMA and the CCP college
  3. Article 17 Notification procedure from the trading venue to its competent authority regarding the initial transitional period
  4. Article 18 Notification procedure from the trading venue to its competent authority regarding an extension of the transitional period (revoked)
  5. Article 19 Further specifications for the calculation of notional amount (revoked)
  6. Article 20 Approval and verification method by ESMA (revoked)
  7. Article 21 Entry into force and application