(37)Because of the specific risks which can arise from the use of credit default swaps, such transactions require close monitoring by competent authorities. In particular, competent authorities should, in exceptional cases, have the power to require information from natural or legal persons entering into such transactions about the purpose for which the transaction is entered into.
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New version applies from 17/09/2014 — introduced by Regulation (EU) No 909/2014 (CSDR).
80 provisions change.
Later versions: 31/01/2022, 09/01/2024, 16/01/2024.
Recital 37 changes in this version: compare with the current text.