The European Commission has adopted a Delegated Regulation with regard to RTS  on the clearing obligation under EMIR. Under the Delegated Regulation, certain OTC credit derivative contracts denominated in specific European currencies (namely the Norwegian Krone (NOK), the Polish Zloty (PLN) and Swedish Krona (SEK)), must be cleared through CCPs. The Annex to the Regulation also sets out the interest rate OTC derivatives classes subject to the clearing obligation.