What changes on 01/01/2014

The text in force from 16/08/2012 compared with the text from 01/01/2014, which includes the changes made by Capital Requirements Regulation (CRR), Commission Delegated Regulation (EU) No 1002/2013.

Read the act as of 01/01/2014 · other versions: 01/01/2020 · 18/06/2020 · 11/02/2021 · 13/02/2021 · 28/06/2021 · 12/08/2022 · 24/12/2024 · 17/01/2025

Title I

• amended Article 1 - Subject matter and scope
• amended Article 2 - Definitions
• amended Article 3 - Intragroup transactions

Title II

• amended Article 4 - Clearing obligation
• amended Article 5 - Clearing obligation procedure
• amended Article 6 - Public register
• amended Article 7 - Access to a CCP
• amended Article 8 - Access to a trading venue
• amended Article 9 - Reporting obligation
• amended Article 10 - Non-financial counterparties
• amended Article 11 - Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP
• amended Article 12 - Penalties
• amended Article 13 - Mechanism to avoid duplicative or conflicting rules

Title III › Chapter 1

• amended Article 14 - Authorisation of a CCP
• amended Article 15 - Extension of activities and services
• amended Article 16 - Capital requirements
• amended Article 17 - Procedure for granting and refusing authorisation
• amended Article 18 - College
• amended Article 19 - Opinion of the college
• amended Article 20 - Withdrawal of authorisation
• amended Article 21 - Review and evaluation

Title III › Chapter 2

• amended Article 22 - Competent authority

Title III › Chapter 3

• amended Article 23 - Cooperation between authorities

Title III › Chapter 4

• amended Article 25 - Recognition of a third-country CCP

Title IV › Chapter 1

• amended Article 26 - General provisions
• amended Article 27 - Senior management and the board
• amended Article 28 - Risk committee
• amended Article 29 - Record keeping
• amended Article 30 - Shareholders and members with qualifying holdings
• amended Article 31 - Information to competent authorities
• amended Article 32 - Assessment
• amended Article 33 - Conflicts of interest
• amended Article 34 - Business continuity
• amended Article 35 - Outsourcing

Title IV › Chapter 2

• amended Article 36 - General provisions
• amended Article 37 - Participation requirements
• amended Article 38 - Transparency
• amended Article 39 - Segregation and portability

Title IV › Chapter 3

• amended Article 41 - Margin requirements
• amended Article 42 - Default fund
• amended Article 43 - Other financial resources
• amended Article 44 - Liquidity risk controls
• amended Article 45 - Default waterfall
• amended Article 46 - Collateral requirements
• amended Article 47 - Investment policy
• amended Article 48 - Default procedures
• amended Article 49 - Review of models, stress testing and back testing
• amended Article 50 - Settlement

Title IV › Chapter 4

• inserted Article 50a - Calculation of K CCP
• inserted Article 50b - General rules for the calculation of K CCP
• inserted Article 50c - Reporting of information
• inserted Article 50d - Calculation of specific items to be reported by the CCP

Title V

• amended Article 51 - Interoperability arrangements
• amended Article 52 - Risk management
• amended Article 53 - Provision of margins among CCPs
• amended Article 54 - Approval of interoperability arrangements

Title VI › Chapter 1

• amended Article 55 - Registration of a trade repository
• amended Article 56 - Application for registration
• amended Article 57 - Notification of and consultation with competent authorities prior to registration
• amended Article 58 - Examination of the application
• amended Article 59 - Notification of ESMA decisions relating to registration
• amended Article 61 - Request for information
• amended Article 62 - General investigations
• amended Article 63 - On-site inspections
• amended Article 64 - Procedural rules for taking supervisory measures and imposing fines
• amended Article 65 - Fines
• amended Article 66 - Periodic penalty payments
• amended Article 67 - Hearing of the persons concerned
• amended Article 68 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
• amended Article 71 - Withdrawal of registration
• amended Article 72 - Supervisory fees
• amended Article 73 - Supervisory measures by ESMA
• amended Article 74 - Delegation of tasks by ESMA to competent authorities

Title VI › Chapter 2

• amended Article 75 - Equivalence and international agreements
• amended Article 77 - Recognition of trade repositories

Title VII

• amended Article 78 - General requirements
• amended Article 79 - Operational reliability
• amended Article 80 - Safeguarding and recording
• amended Article 81 - Transparency and data availability
• amended Article 82 - Exercise of the delegation

Title VIII

• amended Article 83 - Professional secrecy
• amended Article 84 - Exchange of information

Title IX

• amended Article 85 - Reports and review
• amended Article 86 - Committee procedure
• amended Article 87 - Amendment to Directive 98/26/EC
• amended Article 88 - Websites
• amended Article 89 - Transitional provisions
• amended Article 91 - Entry into force

Outside any heading

• inserted Recital
• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Recital 35
• amended Recital 36
• amended Recital 37
• amended Recital 38
• amended Recital 39
• amended Recital 40
• amended Recital 41
• amended Recital 42
• amended Recital 43
• amended Recital 44
• amended Recital 45
• amended Recital 46
• amended Recital 47
• amended Recital 48
• amended Recital 49
• amended Recital 50
• amended Recital 51
• amended Recital 52
• amended Recital 53
• amended Recital 54
• amended Recital 55
• amended Recital 56
• amended Recital 57
• amended Recital 58
• amended Recital 59
• amended Recital 60
• amended Recital 61
• amended Recital 62
• amended Recital 63
• amended Recital 64
• amended Recital 65
• amended Recital 66
• amended Recital 67
• amended Recital 68
• amended Recital 69
• amended Recital 70
• amended Recital 71
• amended Recital 72
• amended Recital 73
• amended Recital 74
• amended Recital 75
• amended Recital 76
• amended Recital 77
• amended Recital 78
• amended Recital 79
• amended Recital 80
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• amended Recital 82
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• amended Recital 84
• amended Recital 85
• amended Recital 86
• amended Recital 87
• amended Recital 88
• amended Recital 89
• amended Recital 90
• amended Recital 91
• amended Recital 92
• amended Recital 93
• amended Recital 94
• amended Recital 95
• amended Recital 96
• amended Recital 97
• amended Recital 98
• amended Recital 99
• amended Preamble
• amended Annex I - List of infringements referred to in Article 65(1)
• amended Annex II - List of the coefficients linked to aggravating and mitigating factors for the application of Article 65(3)