Regulatory Alerts2022-07-11
Added · Updated
Annex IIIe-A: Reporting Arrangements for an AI’s Default Risk Exposures to Clearing Members or Clearing Clients
Annex IIIe-A specifies reporting arrangements for an AI’s default risk exposures to clearing members or clearing clients arising from offsetting transactions or CCP-related transactions. It details requirements for scenarios where transactions are not cleared via a multi-level client structure and where they are cleared through such structures, covering the AI's roles as a clearing member, direct client, or indirect client. The annex mandates reporting exposures in Parts IIIa, IIIb, IIIc, or IIIe, allowing treatment as exposure to the CCP in Part IIIe if the CCP is qualifying and specific statutory conditions under section 226ZA(6) are met.
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