The European Commission has published its Delegated Regulation relating to RTS on the clearing obligation for certain credit derivative contracts. The Delegated Regulation specifies: (i) those classes of credit default swap derivatives that shall be subject to the EMIR clearing obligation; (ii) the four different categories of counterparty that shall be subject to the EMIR clearing obligation; (iii) the dates from which the clearing obligation shall take effect for the different categories of counterparty; and (iv) the minimum remaining maturity for the different categories of counterparty, for the purposes of the frontloading requirement. The Delegated Regulation comes into force on 9 May 2016.