What changes on 15/12/2016
The text in force from 07/05/2004 compared with the text from 15/12/2016.
92 inserted
0 amended
0 deleted
0 moved
Read the act as of 15/12/2016 · other versions: 04/01/2017 · 16/04/2020 · 18/02/2021 · 14/02/2023
Chapter I › Section 1
- inserted Article 1 - Definitions
- inserted Article 2 - General requirements
- inserted Article 3 - Exchange of collateral agreement
Chapter I › Section 2
- inserted Article 4 - Eligible collateral
- inserted Article 5 - Eligibility criteria for units or shares in UCITS
- inserted Article 6 - Credit quality assessment
- inserted Article 7 - Specific requirements for eligible assets
- inserted Article 8 - Concentration limits for initial margin
Chapter I › Section 3
- inserted Article 9 - Frequency of calculation and determination of the calculation date
- inserted Article 10 - Calculation of variation margin
- inserted Article 11 - Calculation of initial margin
- inserted Article 12 - Provision of variation margin
- inserted Article 13 - Provision of initial margin
Chapter I › Section 4
- inserted Article 14 - General requirements
- inserted Article 15 - Confidence interval and MPOR
- inserted Article 16 - Calibration of the parameters of the model
- inserted Article 17 - Diversification, hedging and risk offsets across underlying classes
- inserted Article 18 - Qualitative requirements
Chapter I › Section 5
- inserted Article 19 - Collateral management and segregation
- inserted Article 20 - Treatment of collected initial margins
Chapter I › Section 6
- inserted Article 21 - Calculation of the adjusted value of collateral
- inserted Article 22 - Own estimates of the adjusted value of collateral
Chapter II › Section 1
- inserted Article 23 - CCPs authorised as credit institutions
- inserted Article 24 - Non-financial counterparties and third-country counterparties
- inserted Article 25 - Minimum transfer amount
- inserted Article 26 - Margin calculation with third-country counterparties
Chapter II › Section 2
- inserted Article 27 - Foreign exchange contracts
- inserted Article 28 - Threshold based on notional amount
- inserted Article 29 - Threshold based on initial margin amounts
Chapter II › Section 3
- inserted Article 30 - Treatment of derivatives associated to covered bonds for hedging purposes
- inserted Article 31 - Treatment of derivatives with counterparties in third countries where legal enforceability of netting agreements or collateral protection cannot be ensured
Chapter III › Section 1
Chapter III › Section 2
- inserted Article 33 - Applicable criteria on the legal impediment to the prompt transfer of own funds and repayment of liabilities
- inserted Article 34 - Applicable criteria on the practical impediments to the prompt transfer of own funds and repayment of liabilities
Chapter IV
- inserted Article 35 - Transitional provisions
- inserted Article 36 - Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20
- inserted Article 37 - Application of Articles 9(1), 10 and 12
- inserted Article 38 - Dates of application for specific contracts
- inserted Article 39 - Calculation of aggregate average notional amount
- inserted Article 40 - Entry into force
Outside any heading
- inserted Recital 1
- inserted Recital 2
- inserted Recital 3
- inserted Recital 4
- inserted Recital 5
- inserted Recital 6
- inserted Recital 7
- inserted Recital 8
- inserted Recital 9
- inserted Recital 10
- inserted Recital 11
- inserted Recital 12
- inserted Recital 13
- inserted Recital 14
- inserted Recital 15
- inserted Recital 16
- inserted Recital 17
- inserted Recital 18
- inserted Recital 19
- inserted Recital 20
- inserted Recital 21
- inserted Recital 22
- inserted Recital 23
- inserted Recital 24
- inserted Recital 25
- inserted Recital 26
- inserted Recital 27
- inserted Recital 28
- inserted Recital 29
- inserted Recital 30
- inserted Recital 31
- inserted Recital 32
- inserted Recital 33
- inserted Recital 34
- inserted Recital 35
- inserted Recital 36
- inserted Recital 37
- inserted Recital 38
- inserted Recital 39
- inserted Recital 40
- inserted Recital 41
- inserted Recital 42
- inserted Recital 43
- inserted Recital 44
- inserted Recital 45
- inserted Recital 46
- inserted Recital 47
- inserted Preamble
- inserted Annex I - Correspondence of Probability of default (‘PD’) to Credit quality steps for the purposes of Articles 6 and 7
- inserted Annex II - Methodology to adjust the value of collateral for the purposes of Article 21
- inserted Annex III - Own volatility estimates of the haircuts to be applied to the market value of collateral for the purposes of Article 22
- inserted Annex IV - Standardised Method for the calculation of initial margin for the purposes of Articles 9 and 11