Regulatory Alerts2014-03-03
Instruction No. 2014-I-04 of March 3, 2014, on Notification Forms for Exemption from the Clearing Obligation for Intragroup OTC Derivative Transactions
The Prudential Supervision and Resolution Authority (ACPR) issued this instruction to define the notification procedures for financial counterparties seeking exemption from the clearing obligation under EMIR for intragroup OTC derivative transactions. Regulated entities must submit either a group form or an individual form via the ACPR portal, depending on whether the counterparty is also subject to ACPR supervision. The thirty-day period for the exemption notification begins upon the ACPR's receipt of all required information contained in the submitted forms.
Share