Pursuant to Article 54(2) of MiFIR, if a CCP submits an application, the competent authority may decide that, as regards exchange-traded derivatives, Article 35 of MiFIR will not apply for a transitional period until 3 July 2020.
Having thoroughly assessed the requirements, BaFin has approved such an application by Eurex Clearing AG with effect from 3 January 2018. Therefore, the company only has to apply Article 35 of MiFIR with regard to exchange-traded derivatives from 3 July 2020 onwards.
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