Regulatory Alerts2021-05-06
Added · Updated
Commission Delegated Regulation (EU) 2021/962 extending the transitional period for pension scheme clearing obligations
The European Commission extends the transitional period under Article 89(1) of Regulation (EU) No 648/2012 until 18 June 2022. This extension suspends the clearing obligation for OTC derivative contracts that reduce investment risks relating to the financial solvency of pension scheme arrangements. The measure applies to pension scheme arrangements and entities providing compensation to members in case of default, allowing them to avoid central clearing of these specific derivatives for an additional year.
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