Regulatory Alerts2022-10-25
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Commission Delegated Regulation (EU) 2023/315 amending clearing obligation dates for certain OTC derivative contracts
The European Commission amends Delegated Regulations (EU) 2015/2205, (EU) No 2016/592, and (EU) 2016/1178 to defer the clearing obligation for intragroup OTC derivative contracts where one counterparty is in the Union and the other in a third country. Specifically, Article 3(2) of each amended regulation is replaced to set the effective date as 30 June 2025, provided no equivalence decision has been adopted under Article 13(2) of Regulation (EU) No 648/2012. This regulation entered into force on the day following its publication in the Official Journal of the European Union.
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