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New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD). 104 provisions change. Later versions: 25/06/2015, 16/09/2015, 12/01/2016, 03/01/2017, 01/04/2017, 30/06/2017, 01/01/2019, 17/06/2019, 18/12/2019, 01/01/2020, 18/06/2020, 11/02/2021, 13/02/2021, 28/06/2021, 12/08/2022, 24/12/2024, 17/01/2025. Recital 18 changes in this version: compare with the current text.

Recital 18

Recital 18

(18)Where ESMA has identified that an OTC derivative product is standardised and suitable for clearing but no CCP is willing to clear that product, ESMA should investigate the reason for this.

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