Regulatory Alerts2017-03-06
Instruction No. 2017-I-05 of March 6, 2017, on Application Forms for Exemption from Mandatory Collateral Exchange for Intragroup OTC Derivative Transactions
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2017-I-05 to establish the procedural requirements for financial counterparties seeking exemptions from mandatory collateral exchange under Article 11 of EMIR for intragroup OTC derivative transactions. Regulated entities must complete and submit the designated Excel application form via the ACPR portal to obtain authorization for these exemptions. The processing period for such requests commences upon the ACPR's receipt of all information required by the specified form.
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