2025-10-29
Added · Updated
The European Commission adopts regulatory technical standards specifying operational conditions, representativeness obligations, and reporting requirements for counterparties holding active accounts under Regulation (EU) No 648/2012. Counterparties must demonstrate permanent operational functionality, including IT connectivity and stress-testing, and clear representative volumes of euro and Polish zloty interest rate derivatives based on specific subcategories and reference periods. Reporting obligations require counterparties to submit semi-annual data to competent authorities using defined templates to verify compliance with these operational and representativeness standards.