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ESMA_QA_2513
Topic
EU-CCPs
04/04/2025
Subject Matter
Active Account Requirement
Question
Regarding the requirement to clear at least a representative number of trades, should the trades be representative of the activity of the group or of the activity of the individual entities within the group?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2512
Topic
EU-CCPs
04/04/2025
Subject Matter
Active Account Requirement
Question
Should the requirement to hold at least one active account at an EU CCP be performed at individual level or at group level?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2511
Topic
EU-CCPs
04/04/2025
Subject Matter
Active Account Requirement
Question
Should the group level treatment mentioned in Article 7a(2) of EMIR apply to the calculation of the notional clearing volume outstanding mentioned in fourth subparagraph of Article 7a(8) of EMIR?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2510
Topic
EU-CCPs
04/04/2025
Subject Matter
Active Account Requirement
Question
Should the group level treatment mentioned in Article 7a(2) of EMIR apply to the calculation of the notional clearing volume outstanding mentioned in the second subparagraph of Article 7a(4) of EMIR ?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2509
Topic
EU-CCPs
04/04/2025
Subject Matter
Active Account Requirement
Question
Should the group level treatment mentioned in Article 7a(2) of EMIR apply to the calculation of both conditions mentioned in Article 7a(1)?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs