The European Commission has adopted a Delegated Regulation with regard to RTS specifying the obligation to clear derivatives traded on regulated markets and timing of acceptance for clearing. Under MiFID II, trading venues, CCPs and clearing members are required to have systems, procedures and arrangements in place to ensure that cleared derivatives, which encompass both OTC derivatives and exchange-traded derivatives subject to the clearing obligation, are submitted and accepted for clearing as quickly as technologically practicable.
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MiFID II: European Commission adopts Regulation on clearing obligation
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