The European Commission has adopted an Implementing Regulation which extends the transitional periods relating to own funds requirements for exposures to central counterparties (CCPs) under the Capital Requirements Regulation and EMIR. The Implementing Regulation extends the transitional periods to 15 June 2015.
The Commission has also published a press release stating that this extension will smooth implementation for CCPs that are still in the process of becoming authorised under the new rules, and will allow for work to continue on equivalence assessments relating to third country CCPs seeking recognition in the EU.
View European Commission extends transitional period for capital requirements for exposures to CCPs, 11 December 2014
