Retained EU Law 2017 United Kingdom

Commission Delegated Regulation (EU) 2017/582 of 29 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards specifying the obligation to clear derivatives traded on regulated markets and timing of acceptance for clearing (Text with EEA relevance)

At a glance

What's here

5 compliance obligations

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.art001

Arrangements to facilitate the transfer of information

Other duties (1) — Crown / regulator
  • Trading venues must publish data requirements for cleared derivatives Statutory regulator
s.art002

Pre-trade check for cleared derivative transactions concluded on a trading venue

  • Perform pre-trade limit checks on cleared derivative orders
s.art003

Time frames for the transfer of information for cleared derivative transactions concluded on a trading venue

  • Send transaction data to CCP and process clearing within strict time limits
s.art004

Time frames for the transfer of information for cleared derivative transactions concluded on a bilateral basis

  • Ensure timely clearing of bilateral derivative transactions
s.art005

Treatment of cleared derivative transactions not accepted for clearing

  • Trading venues must void electronically concluded derivative trades not accepted by the CCP
Browse 1 other section — procedural / definitional / commencement
s.art006

Entry into force and application

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