There has been published in the Official Journal of the EU a corrigendum to the European Commission Implementing Regulation on the extension of the transitional periods related to own funds requirements for exposures to central counterparties (CCPs) as set out in the Capital Requirements Regulation and EMIR.
The corrigendum corrects an error in Recital 5 to the Implementing Regulation and clarifies that, for existing CCPs established in third countries that have already applied for recognition, the recognition process was ongoing but would not be completed by 15 June 2015.
