New Commission Delegated Regulation (EU) 2023/315 as regards the extension of the exemption from central clearing requirements for certain intragroup derivative contracts was published in the Official Journal (OJ) of the EU. Specifically, the Delegated Regulation modifies the following three regulations, all setting out derivative clearing obligations under the European Market Infrastructure Regulation (EMIR), to extend the temporary clearing exemption for derivative contracts traded within a group where the group members are located in different countries and where contracts are established between a group member located in the EU and one in a third country for which there is no equivalence decision:
– Commission Delegated Regulation (EU) 2015/2205
– Commission Delegated Regulation (EU) 2016/592
– Commission Delegated Regulation (EU) 2016/1178
The clearing exemption is extended up to June 30, 2025.