Regulatory Alerts2026-07-17 | C792Added · Updated
Active Account Requirement and Representativeness Obligation under EMIR Articles 7a and 7b
The Cyprus Securities and Exchange Commission requires regulated entities, including investment firms, funds, and non-financial counterparties, to establish and maintain an active account at an authorized EU CCP for specific interest rate derivatives. Entities subject to the clearing obligation must notify ESMA and CySEC within six months of becoming liable and submit compliance reports every six months, with the first report due by 31 July 2026. These obligations include maintaining operational capacity and clearing a representative proportion of in-scope contracts through the EU account as specified in Regulation (EU) 2026/305.
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