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EMIR — REGULATION (EU) No 648/2012 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)

regulation · European Union · 32012R0648

482 provisions · cited by 27 instruments we hold · 10 provisions hand work to national law

Defined terms · All instruments · administrative check · contract · financial legislation · financial transaction · futures market

1 Subject matter and scope
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2 Definitions
3 Intragroup transactions
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4 Clearing obligation
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5 Clearing obligation procedure
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6 Public register
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7 Access to a CCP
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8 Access to a trading venue
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9 Reporting obligation
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10 Non-financial counterparties
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11 Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP
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12 Penalties
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13 Mechanism to avoid duplicative or conflicting rules
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14 Authorisation of a CCP
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15 Extension of activities and services
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16 Capital requirements
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17 Procedure for granting and refusing authorisation
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18 College
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19 Opinion of the college
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20 Withdrawal of authorisation
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21 Review and evaluation
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22 Competent authority
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23 Cooperation between authorities
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2
24 Emergency situations
25 Recognition of a third-country CCP
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26 General provisions
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27 Senior management and the board
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28 Risk committee
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29 Record keeping
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30 Shareholders and members with qualifying holdings
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31 Information to competent authorities
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32 Assessment
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33 Conflicts of interest
1
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5
34 Business continuity
1
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35 Outsourcing
1
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36 General provisions
1
2
37 Participation requirements
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38 Transparency
1
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39 Segregation and portability
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40 Exposure management
41 Margin requirements
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42 Default fund
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43 Other financial resources
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44 Liquidity risk controls
1
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45 Default waterfall
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46 Collateral requirements
1
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3
47 Investment policy
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48 Default procedures
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49 Review of models, stress testing and back testing
1
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50 Settlement
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51 Interoperability arrangements
1
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3
52 Risk management
1
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3
53 Provision of margins among CCPs
1
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54 Approval of interoperability arrangements
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55 Registration of a trade repository
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56 Application for registration
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57 Notification of and consultation with competent authorities prior to registration
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58 Examination of the application
1
2
59 Notification of ESMA decisions relating to registration
1
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60 Exercise of the powers referred to in Articles 61 to 63
61 Request for information
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62 General investigations
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63 On-site inspections
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64 Procedural rules for taking supervisory measures and imposing fines
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65 Fines
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66 Periodic penalty payments
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67 Hearing of the persons concerned
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68 Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
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69 Review by the Court of Justice
70 Amendments to Annex II
71 Withdrawal of registration
1
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4
72 Supervisory fees
1
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3
73 Supervisory measures by ESMA
1
2
3
74 Delegation of tasks by ESMA to competent authorities
1
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75 Equivalence and international agreements
1
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4
76 Cooperation arrangements
77 Recognition of trade repositories
1
2
78 General requirements
1
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79 Operational reliability
1
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80 Safeguarding and recording
1
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81 Transparency and data availability
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82 Exercise of the delegation
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83 Professional secrecy
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84 Exchange of information
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85 Reports and review
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86 Committee procedure
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87 Amendment to Directive 98/26/EC
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88 Websites
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89 Transitional provisions
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90 Staff and resources of ESMA
91 Entry into force