Regulatory Alerts2017-03-17
Decision on Documentation for Notifications and Applications Regarding Intragroup Exemption from Collateral Exchange under Articles 11(6)–(10) of Regulation (EU) No 648/2012
The Croatian Financial Services Agency issued this Decision to specify the required documentation, format, and submission procedures for intragroup exemptions from collateral exchange obligations under Articles 11(6) to (10) of Regulation (EU) No 648/2012. It mandates that supervised entities submit written notifications or applications at least 30 days prior to exemption commencement, accompanied by a completed electronic Form and supporting risk-mitigation data. The Agency retains the authority to request supplementary evidence, reject non-compliant applications via administrative decision, or prohibit exemption usage at any time if statutory conditions are unmet.
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