Regulatory Alerts2026-07-17 | C792Added
C792 - Active Account Requirement and Representativeness Obligation under Articles 7a and 7b of Regulation (EU) No 648/2012 (EMIR)
The Cyprus Securities and Exchange Commission (CySEC) reminds regulated entities of the active account requirement (AAR), representativeness obligation, and related notification and reporting duties under Articles 7a and 7b of Regulation (EU) No 648/2012 (EMIR). Financial and non-financial counterparties exceeding clearing thresholds must establish and maintain an active account at an authorized EU CCP, actively using it to clear a representative proportion of in-scope derivative contracts. Entities subject to the AAR must notify ESMA and their competent authority, establish the account within six months, and submit semi-annual reports to CySEC, with the first report due by July 31, 2026, covering data from June 25, 2025.
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