The statute n°2013-672 of the 26th of July 2013 concerning the separation and the regulation of the banking activities precise the allocation of competences between the AMF and ACPR for the implementation of the duties planned by the European Regulation on OTC derivatives. The statute provides for the following allocation: concerning the clearing obligation the AMF will be the competent authority to ensure that this duty is correctly applied (i), concerning the obligation to report transactions to a central data repository, the AMF will be the competent authority no matter the status of the counterparty to the derivative contract (ii), concerning the recourse to risk-mitigation techniques the ACPR will be the competent authority to ensure that credit institutions, which are not investment service providers, and insurance and reinsurance companies comply with their duties. The AMF will be competent to ensure that investment companies and credit institution which are investment service providers also comply with their duties. Concerning investment companies and credit institution which are investment service providers, for which the competence is already shared, the supervision will be ensured in a coordinated manner by both authorities in accordance with their respective field of competence (iii). It is possible to provide for some exemptions for transactions made within a group of companies. The ACPR will be competent for the counterparties which are under its own jurisdiction and the AMF for management companies and non-financial counterparties