Regulatory Alerts2022-03-31
Added · Updated
EMIR - Clearing obligation
EMIR 3.0 amends the clearing obligation for financial and non-financial counterparties by introducing an exception for transactions with third-country pension funds exempted in their home jurisdiction. It also provides an exemption for post-trade risk reduction transactions that are risk-reducing, do not affect market price formation, and are provided by a service provider notified to ESMA. The clearing obligation continues to apply only to standardized OTC derivative contracts concluded between specified parties, such as financial counterparties or between a financial and a specified non-financial counterparty.
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