Subject Matter
Active Account Requirement
Question
Could counterparties that are subject to the active account requirements and that are part of a group, outsource the notification to the relevant competent authority and ESMA, as mentioned in the second subparagraph of Article 7a(1) of EMIR, to another entity of the group subject to consolidated supervision in the Union that it belongs to ?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs