Regulatory Alerts2021-06-24
Added · Updated
Commission Implementing Regulation (EU) 2021/1043 extending transitional provisions for own funds requirements on exposures to central counterparties
The European Commission extends the transitional period under Article 497(1) of Regulation (EU) No 575/2013 until 28 June 2022. This extension allows institutions to continue treating exposures to certain third-country central counterparties as exposures to qualifying CCPs, thereby avoiding significant increases in own funds requirements. The regulation applies to institutions established in the Union or their subsidiaries having exposures to third-country CCPs awaiting ESMA recognition. It enters into force on the third day following publication and applies from 29 June 2021.
Topics
Share