Amendments to EMIR Delegated Regulation on RTS on risk mitigation techniques for uncleared OTC derivative contracts

There has been published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2017/323 of 20 January 2017. This Delegated Regulation makes certain corrections to Article 37 of Delegated Regulation (EU) 2016/2251 supplementing the European Market Infrastructure Regulation with regard to regulatory technical standards on risk mitigation techniques for uncleared over-the-counter derivative contracts not cleared by a central counterparty.

In Article 37 of Delegated Regulation (EU) 2016/2251, the provision on applying the phase-in of the variation margin requirements to intra-group transactions in a way analogous to the provision in Article 36(2) (which relates to initial margin requirements) is missing. Delegated Regulation (EU) 2017/323 inserts these missing paragraphs.

Delegated Regulation (EU) 2017/323 enters into force on the day of its publication in the OJ. It applies from 4 January 2017.

View Commission Delegated Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparty and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared bya central counterparty, 25 February 2017