Laws and regulations

Acts and directly binding EU regulations – securitisation

• Regulation (EU) 2017/2402 of the European Parliament and of the Council (external link) laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012

Acts and directly binding EU regulations – OTC derivatives

• Regulation (EU) No 648/2012 (external link) on OTC derivatives, central counterparties and trade repositories

• OTC derivatives and clearing obligation

  • Regulatory technical standards (EU) No 149/2013 (external link) on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial counterparties, risk mitigation techniques for OTC derivatives contracts not cleared by a CCP
  • Regulatory technical standards (EU) No 285/2014 (external link) on direct, substantial and foreseeable effect of contracts within the Union and to prevent the evasion
  • Regulatory Technical standards (EU) No 2205/2015 (external link) – on classes of over-the-counter (OTC) derivatives, which are subject to the clearing obligation

• Trade reporting

  • Regulatory technical standards (EU) No 148/2013  (external link) on the minimum details of the data to be reported to trade repositories
  • Implementing technical standards (EU) No 1247/2012 (external link) on the minimum details of the data to be reported to trade repositories
  • Regulatory technical standards (EU) No 151/2013 (external link) specifying the data to be published and made available by trade repositories and operational standards for aggregating, comparing and accessing the data

• Trade repositories

  • Regulatory technical standards (EU) No 150/2013 (external link) specifying the details of the application for registration as a trade repository
  • Implementing technical standards (EU) No 1248/2012 (external link) specifying the details of the application for registration as a trade repository
  • Commission Delegated Regulation (EU) No 1003/2013 (external link) on fees charged by the ESMA to trade repositories
  • Commission delegated Regulation (EU) No 667/2014 (external link) on rules of procedure for penalties imposed on trade repositories

•  CCPs

  • Regulatory technical standards (EU) No 876/2013 (external link) on colleges for central counterparties
  • Implementing technical standards (EU) No 484/2014 (external link) on the hypothetical capital of a central counterparty
  • Regulatory technical standards (EU) No 153/2013 (external link) on requirements for central counterparties
  • Regulatory technical standards (EU) No 152/2013 (external link) on capital requirements for central counterparties
  • Implementing technical standards (EU) No 1249/2012 (external link) on the format of the records to be maintained by central counterparties