On December 12, 2014, the Implementing Regulation extending the transitional periods relating to own funds requirements for exposures to central counterparties (“CCPs”) under CRD IV and the Regulation on OTC derivative transactions, CCPs and trade repositories was published in the Official Journal of the European Union. The Implementing Regulation extends the transitional periods by an additional six months, to June 15, 2015. The Implementing Regulation enters into force on December 15, 2014.

The Implementing Regulation is available at:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_355_R_0002&from=EN.