Regulatory Alerts2019-07-25
Decision on the Method of Notification in accordance with Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories
The Croatian Financial Services Agency (HANFA) issued this Decision to establish the precise submission procedures for notifications under EU Regulation 648/2012 regarding OTC derivatives, central counterparties and trade repositories. It mandates that financial and non-financial counterparties submit specified notifications—covering clearing exemptions, threshold breaches, risk mitigation techniques, and qualifying holdings in central counterparties—in both PDF and EXCEL formats to EMIR@hanfa.hr and HANFA's registered office within legally defined timeframes. The Decision further standardizes the required documentation, identifies authorized signatories, and repeals HANFA's previous 2013 notification rules to ensure full regulatory compliance.