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)- Recitals
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
CHAPTER III — CONDITIONS FOR NON-DISCRIMINATORY TREATMENT OF CONTRACTS
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
- Final
- ANNEX