The European Commission has adopted a delegated regulation with regard to RTS on the clearing obligation for certain credit derivative contracts under EMIR. The Delegated Regulation determines the classes of the credit default swaps (CDS) OTC derivative contracts that are subject to the clearing obligation and four different categories of counterparties for which different phase-in periods apply. It also lays down the minimum remaining maturities for the purposes of the frontloading requirement as well as the dates on which the frontloading should start.