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03 June 2014

Regulation on extension of transitional periods related to own funds requirements for exposures to CCPs


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The European Commission published in the Official Journal of the EU the implementing regulation on the extension of the transitional periods related to own funds requirements for exposures to central counterparties in Regulation (EU) No 575/2013 and Regulation (EU) No 648/2012.


"The European Commission, having regard to the Treaty on the Functioning of the European Union...., has adopted this Regulation:

Article 1: The 15-month periods referred to in Article 497(1) and (2) of Regulation (EU) No 575/2013 and in the first and second subparagraph of Article 89(5a) of Regulation (EU) No 648/2012, respectively, are extended by 6 months. 

Article 2: This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union. This Regulation shall be binding in its entirety and directly applicable in all Member States.

Full OJ entry



© European Commission


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