Regulatory Alerts2017-03-06
Instruction No. 2017-I-06 of 6 March 2017 amending Instruction No. 2014-I-04 on exemption notification forms for intragroup transactions involving OTC derivatives
The Autorité de contrôle prudentiel et de résolution issued Instruction No. 2017-I-06 to amend the notification procedures for intragroup OTC derivative transactions exempt from clearing under EMIR. The instruction updates the definitions of 'subject entities' and 'declaring entities' and mandates the use of specific group or individual notification forms depending on whether the counterparty is under ACPR supervision. It further replaces the annex containing the group notification form and establishes that the 30-day EMIR notification period begins upon receipt of all required information.
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