TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-3)Article 1 - Subject matter and scope Q&AArticle 2 - Definitions Q&AArticle 2a - Equivalence decisions for the purposes of the definition of OTC derivatives ITS/RTSQ&AArticle 3 - Intragroup transactions Q&A
TITLE II - CLEARING, REPORTING AND RISK MITIGATION OF OTC DERIVATIVES (Article 4-13a)Article 4 - Clearing obligation ITS/RTSQ&AArticle 4a - Financial counterparties that are subject to the clearing obligation Q&AArticle 5 - Clearing obligation procedure ITS/RTSArticle 6 - Public register ITS/RTSQ&AArticle 6a - Suspension of clearing obligation Article 6b - Suspension of clearing obligation in the case of resolution Article 7 - Access to a CCP Article 8 - Access to a trading venue ITS/RTSArticle 9 - Reporting obligation ITS/RTSQ&AGLArticle 10 - Non-financial counterparties ITS/RTSQ&AArticle 11 - Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP ITS/RTSQ&AArticle 12 - Penalties Article 13 - Mechanism to avoid duplicative or conflicting rules ITS/RTSQ&AArticle 13a - Amendments to legacy contracts for the purpose of the implementation of benchmark reforms
TITLE III - AUTHORISATION AND SUPERVISION OF CCPs (Article 14-25q)CHAPTER 1 - Conditions and procedures for the authorisation of a CCP (Article 14-21)Article 14 - Authorisation of a CCP Q&AArticle 15 - Extension of activities and services GLArticle 16 - Capital requirements ITS/RTSQ&AArticle 17 - Procedure for granting and refusing authorisation GLArticle 18 - College ITS/RTSQ&AGLArticle 19 - Opinion of the college Article 20 - Withdrawal of authorisation Article 21 - Review and evaluation GLCHAPTER 2 - Supervision and oversight of CCPs (Article 22)Article 22 - Competent authority GLCHAPTER 3 - Cooperation (Article 23-24)Article 23 - Cooperation between authorities Article 23a - Supervisory cooperation between competent authorities and ESMA with regards to authorised CCPs Article 24 - Emergency situations CHAPTER 3A - CCP Supervisory Committee (Article 24a-24e)Article 24a - CCP Supervisory Committee Article 24b - Consultation of central banks of issue Article 24c - Decision making within the CCP Supervisory Committee Article 24d - Decision making within the Board of Supervisors Article 24e - Accountability CHAPTER 4 - Relations with third countries (Article 25-25q)Article 25 - Recognition of a third-country CCP ITS/RTSQ&AGLArticle 25a - Comparable compliance ITS/RTSArticle 25b - Ongoing compliance with the conditions for recognition Article 25c - Third-country CCP college Article 25d - Fees ITS/RTSArticle 25e - Exercise of the powers referred to in Articles 25f to 25h Article 25f - Request for information Article 25g - General investigations Article 25h - On-site inspections Article 25i - Procedural rules for taking supervisory measures and imposing fines ITS/RTSArticle 25j - Fines Article 25k - Periodic penalty payments Article 25l - Hearing of the persons concerned Article 25m - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Article 25n - Review by the Court of Justice Article 25o - Amendments to Annex IV Article 25p - Withdrawal of recognition Article 25q - Supervisory measures by ESMA
CHAPTER 1 - Conditions and procedures for the authorisation of a CCP (Article 14-21)Article 14 - Authorisation of a CCP Q&AArticle 15 - Extension of activities and services GLArticle 16 - Capital requirements ITS/RTSQ&AArticle 17 - Procedure for granting and refusing authorisation GLArticle 18 - College ITS/RTSQ&AGLArticle 19 - Opinion of the college Article 20 - Withdrawal of authorisation Article 21 - Review and evaluation GL
CHAPTER 3 - Cooperation (Article 23-24)Article 23 - Cooperation between authorities Article 23a - Supervisory cooperation between competent authorities and ESMA with regards to authorised CCPs Article 24 - Emergency situations
CHAPTER 3A - CCP Supervisory Committee (Article 24a-24e)Article 24a - CCP Supervisory Committee Article 24b - Consultation of central banks of issue Article 24c - Decision making within the CCP Supervisory Committee Article 24d - Decision making within the Board of Supervisors Article 24e - Accountability
CHAPTER 4 - Relations with third countries (Article 25-25q)Article 25 - Recognition of a third-country CCP ITS/RTSQ&AGLArticle 25a - Comparable compliance ITS/RTSArticle 25b - Ongoing compliance with the conditions for recognition Article 25c - Third-country CCP college Article 25d - Fees ITS/RTSArticle 25e - Exercise of the powers referred to in Articles 25f to 25h Article 25f - Request for information Article 25g - General investigations Article 25h - On-site inspections Article 25i - Procedural rules for taking supervisory measures and imposing fines ITS/RTSArticle 25j - Fines Article 25k - Periodic penalty payments Article 25l - Hearing of the persons concerned Article 25m - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Article 25n - Review by the Court of Justice Article 25o - Amendments to Annex IV Article 25p - Withdrawal of recognition Article 25q - Supervisory measures by ESMA
TITLE IV - REQUIREMENTS FOR CCPs (Article 26-50d)CHAPTER 1 - Organisational requirements (Article 26-35)Article 26 - General provisions ITS/RTSQ&AGLArticle 27 - Senior management and the board Article 28 - Risk committee Q&AGLArticle 29 - Record keeping ITS/RTSArticle 30 - Shareholders and members with qualifying holdings Article 31 - Information to competent authorities GLArticle 32 - Assessment GLArticle 33 - Conflicts of interest GLArticle 34 - Business continuity ITS/RTSGLArticle 35 - Outsourcing GLCHAPTER 2 - Conduct of business rules (Article 36-39)Article 36 - General provisions GLArticle 37 - Participation requirements GLArticle 38 - Transparency Q&AGLArticle 39 - Segregation and portability Q&AGLCHAPTER 3 - Prudential requirements (Article 40-50)Article 40 - Exposure management GLArticle 41 - Margin requirements ITS/RTSQ&AGLArticle 42 - Default fund ITS/RTSQ&AGLArticle 43 - Other financial resources Q&AGLArticle 44 - Liquidity risk controls ITS/RTSGLArticle 45 - Default waterfall ITS/RTSQ&AGLArticle 45a - Temporary restrictions in the case of a significant non-default event GLArticle 46 - Collateral requirements ITS/RTSQ&AGLArticle 47 - Investment policy ITS/RTSQ&AGLArticle 48 - Default procedures Q&AGLArticle 49 - Review of models, stress testing and back testing ITS/RTSQ&AGLArticle 50 - Settlement ITS/RTSGLCHAPTER 4 - Calculations and reporting for the purposes of Regulation (EU) No 575/2013 (Article 50a-50d)Article 50a - Calculation of KCCP GLArticle 50b - General rules for the calculation of KCCP GLArticle 50c - Reporting of information GLArticle 50d - Calculation of specific items to be reported by the CCP Q&AGL
CHAPTER 1 - Organisational requirements (Article 26-35)Article 26 - General provisions ITS/RTSQ&AGLArticle 27 - Senior management and the board Article 28 - Risk committee Q&AGLArticle 29 - Record keeping ITS/RTSArticle 30 - Shareholders and members with qualifying holdings Article 31 - Information to competent authorities GLArticle 32 - Assessment GLArticle 33 - Conflicts of interest GLArticle 34 - Business continuity ITS/RTSGLArticle 35 - Outsourcing GL
CHAPTER 2 - Conduct of business rules (Article 36-39)Article 36 - General provisions GLArticle 37 - Participation requirements GLArticle 38 - Transparency Q&AGLArticle 39 - Segregation and portability Q&AGL
CHAPTER 3 - Prudential requirements (Article 40-50)Article 40 - Exposure management GLArticle 41 - Margin requirements ITS/RTSQ&AGLArticle 42 - Default fund ITS/RTSQ&AGLArticle 43 - Other financial resources Q&AGLArticle 44 - Liquidity risk controls ITS/RTSGLArticle 45 - Default waterfall ITS/RTSQ&AGLArticle 45a - Temporary restrictions in the case of a significant non-default event GLArticle 46 - Collateral requirements ITS/RTSQ&AGLArticle 47 - Investment policy ITS/RTSQ&AGLArticle 48 - Default procedures Q&AGLArticle 49 - Review of models, stress testing and back testing ITS/RTSQ&AGLArticle 50 - Settlement ITS/RTSGL
CHAPTER 4 - Calculations and reporting for the purposes of Regulation (EU) No 575/2013 (Article 50a-50d)Article 50a - Calculation of KCCP GLArticle 50b - General rules for the calculation of KCCP GLArticle 50c - Reporting of information GLArticle 50d - Calculation of specific items to be reported by the CCP Q&AGL
TITLE V - INTEROPERABILITY ARRANGEMENTS (Article 51-54)Article 51 - Interoperability arrangements GLArticle 52 - Risk management GLArticle 53 - Provision of margins among CCPs GLArticle 54 - Approval of interoperability arrangements Q&AGL
TITLE VI - REGISTRATION AND SUPERVISION OF TRADE REPOSITORIES (Article 55-77)CHAPTER 1 - Conditions and procedures for registration of a trade repository (Article 55-74)Article 55 - Registration of a trade repository GLArticle 56 - Application for registration ITS/RTSQ&AGLArticle 57 - Notification of and consultation with competent authorities prior to registration Article 58 - Examination of the application Article 59 - Notification of ESMA decisions relating to registration Article 60 - Exercise of the powers referred to in Articles 61 to 63 Article 61 - Request for information Article 62 - General investigations Article 63 - On-site inspections Article 64 - Procedural rules for taking supervisory measures and imposing fines ITS/RTSArticle 65 - Fines Article 66 - Periodic penalty payments Article 67 - Hearing of the persons concerned Article 68 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Article 69 - Review by the Court of Justice Article 70 - Amendments to Annex II Article 71 - Withdrawal of registration Article 72 - Supervisory fees ITS/RTSArticle 73 - Supervisory measures by ESMA Article 74 - Delegation of tasks by ESMA to competent authorities CHAPTER 2 - Relations with third countries (Article 75-77)Article 75 - Equivalence and international agreements Article 76 - Cooperation arrangements Article 76a - Mutual direct access to data Article 77 - Recognition of trade repositories
CHAPTER 1 - Conditions and procedures for registration of a trade repository (Article 55-74)Article 55 - Registration of a trade repository GLArticle 56 - Application for registration ITS/RTSQ&AGLArticle 57 - Notification of and consultation with competent authorities prior to registration Article 58 - Examination of the application Article 59 - Notification of ESMA decisions relating to registration Article 60 - Exercise of the powers referred to in Articles 61 to 63 Article 61 - Request for information Article 62 - General investigations Article 63 - On-site inspections Article 64 - Procedural rules for taking supervisory measures and imposing fines ITS/RTSArticle 65 - Fines Article 66 - Periodic penalty payments Article 67 - Hearing of the persons concerned Article 68 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Article 69 - Review by the Court of Justice Article 70 - Amendments to Annex II Article 71 - Withdrawal of registration Article 72 - Supervisory fees ITS/RTSArticle 73 - Supervisory measures by ESMA Article 74 - Delegation of tasks by ESMA to competent authorities
CHAPTER 2 - Relations with third countries (Article 75-77)Article 75 - Equivalence and international agreements Article 76 - Cooperation arrangements Article 76a - Mutual direct access to data Article 77 - Recognition of trade repositories
TITLE VII - REQUIREMENTS FOR TRADE REPOSITORIES (Article 78-82)Article 78 - General requirements ITS/RTSGLArticle 79 - Operational reliability GLArticle 80 - Safeguarding and recording GLArticle 81 - Transparency and data availability ITS/RTSQ&AGLArticle 82 - Exercise of the delegation
TITLE VIII - COMMON PROVISIONS (Article 83-84)Article 83 - Professional secrecy Article 84 - Exchange of information
TITLE IX - TRANSITIONAL AND FINAL PROVISIONS (Article 85-91)Article 85 - Reports and review Article 86 - Committee procedure Article 87 - Amendment to Directive 98/26/EC Article 88 - Websites Article 89 - Transitional provisions Q&AArticle 90 - Staff and resources of ESMA Article 91 - Entry into force