Subject Matter
Active Account Requirement
Question
Should counterparties that clear more than 85% of the relevant derivatives contracts in the EU still comply with the representativeness obligation under Article 7a(3), point d, of EMIR and the related reporting obligation under Article 7b(1) of EMIR?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs