FINANCE NORWAY'S RESPONSE TO ESMA'S CONSULTATION PAPER ON CLEARING OBLIGATION UNDER EMIR (no. 6)
Three Commission Delegated Regulations on the clearing obligation, which mandate a range of interest rate and credit derivative classes to be cleared, have entered into force.
The Commission Delegated Regulations contain a deferred date (21 December 2018) of application of the clearing obligation for intragroup transactions satisfying certain conditions where one of the counterparties is in a third country.