On 28 November 2023, the European Commission published a Delegated Regulation and an Annex which modifies Article 39 and 62 of Commission Delegated Regulation 153/2013 which supplements the European Markets Infrastructure Regulation with regard to regulatory technical standards on requirements for central counterparties (CCPs). Article 39 is amended to extend the duration during which the use of public guarantees as specified in Annex I is temporarily allowed. Article 62 is amended to extend the duration during which the use of uncollateralised or partially collateralised bank guarantees is temporarily allowed. These modifications are temporary and will expire 6 months after the entry into application of the Delegated Regulation.
The Delegated Regulation follows a final report that the European Securities and Markets Authority published in October 2023 which concluded that the emergency measures on CCP collateral requirements should be extended for a limited period of six months.