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Updated 22/10/2024

Metadata

In force since 20/04/2017

Initial Legal Act

References (7)

Timeline

31/03/2017

Delegated Regulation 2017/581 published in OJ

28/09/2015

ESMA/2015/1464 - Annex I

Final Draft published

28/09/2015

ESMA/2015/1464 - Annex II

Final Draft published

28/09/2015

Final Draft published

22/12/2014

ESMA/2014/1570 - Annex A

Consultation published

19/12/2014

ESMA/2014/1570 - Annex B

Consultation published

19/12/2014

Consultation published

Search within this legal act

Synchronised with EUR-Lex on 22/10/2024

MiFIR Tool Delegated Regulation 2017/581

Delegated Regulation 2017/581

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 (Article 1-8)

SECTION 1 - Non-discriminatory access to CCPs (Article 1-4)Article 1 - Conditions on the denial of access by a CCP Q&A 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 Q&A

SECTION 2 - Non-discriminatory access to trading venues (Article 5-8)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 9-11)Article 9 - Conditions under which access must be permitted Q&A Article 10 - Non-discriminatory and transparent clearing fees charged by CCPs Article 11 - Non-discriminatory and transparent fees charged by trading venues Q&A

CHAPTER III - CONDITIONS FOR NON-DISCRIMINATORY TREATMENT OF CONTRACTS (Article 12-14)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 15-21)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

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