On 19 December 2018, the European Commission adopted a Delegated Regulation amending amending Delegated Regulation (EU) 2015/2205, Delegated Regulation (EU) 2016/592 and Delegated Regulation (EU) 2016/1178 supplementing the European Markets Infrastructure Regulation with regard to regulatory technical standards on the clearing obligation to extend the dates of deferred application of the clearing obligation for certain over the counter derivative contracts.

Article 1 of the Delegated Regulation modifies Article 3(2) of Commission Delegated Regulation (EU) 2015/2205 regarding interest rate derivative classes, by extending the deferred date of application of the clearing obligation for intragroup transactions with a third-country group entity from 21 December 2018 to 21 December 2020.

Article 2 of the Delegated Regulation modifies Article 3(2) of Commission Delegated Regulation (EU) 2016/592 regarding credit derivative classes, by extending the deferred date of application of the clearing obligation for intragroup transactions with a third-country group entity from 9 May 2019 to 21 December 2020.

Article 3 modifies Article 3(2) of Commission Delegated Regulation (EU) 2016/1178 regarding interest rate derivative classes, by extending the deferred date of application of the clearing obligation for intragroup transactions with a third-country group entity from 9 July 2019 to 21 December 2020.