Article 5 › 5

The draft regulatory technical standards for the part referred to in paragraph 2(b) shall take into consideration the following criteria: (a) the expected volume of the relevant class of OTC derivatives; (b) whether more than one CCP already clear the same class of OTC derivatives; (c) the ability of the relevant CCPs to handle the expected volume and to manage the risk arising from the clearing of the relevant class of OTC derivatives; (d) the type and number of counterparties active, and expected to be active within the market for the relevant class of OTC derivatives; (e) the period of time a counterparty subject to the clearing obligation needs in order to put in place arrangements to clear its OTC derivative contracts through a CCP; (f) the risk management and the legal and operational capacity of the range of counterparties that are active in the market for the relevant class of OTC derivatives and that would be captured by the clearing obligation pursuant to Article 4(1).

← 4 · All articles · 6 →

Source: EUR-Lex CELLAR · retrieved 2026-09-04