On 18 October 2022, the European Commission published a Commission Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation (EU) 149/2013 as regards the value of the clearing threshold for positions held in over-the-counter (OTC) commodity derivatives contracts and other OTC derivative contracts.

The Delegated Regulation modifies Article 11 of Commission Delegated Regulation (EU) 149/2013 regarding the value of the clearing threshold for OTC commodity derivative contracts and other OTC derivative contracts by amending point (e) so that the clearing threshold is increased to EUR 4 billion in gross notional value.

The Delegated Regulation enters into force on the day following that of its publication in the Official Journal of the European Union.