(a)

an OTC derivative contract entered into with another counterparty which is part of the same group, provided that the following conditions are met: the financial counterparty is established in the Union or, if it is established in a third country, the Commission has adopted an implementing act under Article 13(2) in respect of that third country; the other counterparty is a financial counterparty, a financial holding company, a financial institution or an ancillary services undertaking subject to appropriate prudential requirements; both counterparties are included in the same consolidation on a full basis; and both counterparties are subject to appropriate centralised risk evaluation, measurement and control procedures;

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.