Retained EU Law SI 2017/582 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)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm3 Any Person1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts
Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art001 Arrangements to facilitate the transfer of information Regulated
Other duties (1) — Crown / regulator
  • Trading venues must publish data requirements for cleared derivativesStatutory regulator
s.art002 Pre-trade check for cleared derivative transactions concluded on a trading venue Regulated
  • Perform pre-trade limit checks on cleared derivative ordersFinancial Services Firm
s.art003 Time frames for the transfer of information for cleared derivative transactions concluded on a trading venue Regulated
  • Send transaction data to CCP and process clearing within strict time limitsFinancial Services Firm
s.art004 Time frames for the transfer of information for cleared derivative transactions concluded on a bilateral basis Regulated
  • Ensure timely clearing of bilateral derivative transactionsAny Person
s.art005 Treatment of cleared derivative transactions not accepted for clearing Regulated
  • Trading venues must void electronically concluded derivative trades not accepted by the CCPFinancial Services Firm
1 other provision — procedural and definitional
s.art006 Entry into force and application

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.