recognised exchange

Defined in Article 4, Capital Requirements Regulation (CRR)

Definitions over time (3)

1. 29/06/2021 – today applies on 12/11/2026 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘recognised exchange’ means an exchange which meets all of the following conditions: it is a regulated market or a third‐country market that is considered to be equivalent to a regulated market in accordance with the procedure set out in point (a) of Article 25(4) of Directive 2014/65/EU; it has a clearing mechanism whereby contracts listed in Annex II are subject to daily margin requirements which, in the opinion of the competent authorities, provide appropriate protection;

2. 25/12/2019 – 29/06/2021 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘recognised exchange’ means an exchange which meets all of the following conditions: it is a regulated market or a third-country market that is considered to be equivalent to a regulated market in accordance with the procedure set out in point (a) of Article 25(4) of Directive 2014/65/EU of the European Parliament and of the Council (^{10}); it has a clearing mechanism whereby contracts listed in Annex II are subject to daily margin requirements which, in the opinion of the competent authorities, provide appropriate protection;

3. 28/06/2013 – 19/07/2016 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘recognised exchange’ means an exchange which meets all of the following conditions: it is a regulated market; it has a clearing mechanism whereby contracts listed in Annex II are subject to daily margin requirements which, in the opinion of the competent authorities, provide appropriate protection;

Used in (17 places in 14 provisions on 12/11/2026)

Capital Requirements Regulation (CRR) (17 in 14)

Article 4² · Article 197² · Article 198 · Article 224² · Article 280c · Article 281 · Article 282 · Article 299 · Article 325u · Article 416 · Article 428 · Article 493 · Article 509 · Annex III