What changes on 16/04/2020

The text in force from 04/01/2017 compared with the text from 16/04/2020, which includes the changes made by Commission Delegated Regulation (EU) 2020/448.

Read the act as of 16/04/2020 · other versions: 04/01/2017 · 18/02/2021 · 14/02/2023

Chapter I › Section 2

• amended Article 8 - Concentration limits for initial margin

Chapter I › Section 3

• amended Article 12 - Provision of variation margin

Chapter I › Section 4

• amended Article 18 - Qualitative requirements

Chapter I › Section 5

• amended Article 19 - Collateral management and segregation

Chapter II › Section 1

• amended Article 26 - Margin calculation with third-country counterparties

Chapter II › Section 2

• amended Article 28 - Threshold based on notional amount

Chapter II › Section 3

• inserted Article 30a - Treatment of derivatives in connection with securitisations for hedging purposes

Chapter III › Section 1

• amended Article 32 - Procedures for counterparties and relevant competent authorities

Chapter III › Section 2

• amended Article 33 - Applicable criteria on the legal impediment to the prompt transfer of own funds and repayment of liabilities

Chapter IV

• amended 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
• amended Article 37 - Application of Articles 9(1), 10 and 12

Outside any heading

• amended Annex III - Own volatility estimates of the haircuts to be applied to the market value of collateral for the purposes of Article 22
• amended Annex IV - Standardised Method for the calculation of initial margin for the purposes of Articles 9 and 11