Regulatory Alerts2022-06-09
Added · Updated
Commission Delegated Regulation (EU) 2022/1671 extending the transitional period for pension schemes under Regulation (EU) No 648/2012
The European Commission extends the transitional period under Article 89(1) of Regulation (EU) No 648/2012 until 18 June 2023. This extension exempts pension scheme arrangements from the clearing obligation for OTC derivative contracts that reduce investment risks relating to financial solvency. The measure applies to pension schemes that have not yet developed viable technical solutions for posting cash and non-cash collateral as variation margins.
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