Search Legislation

Regulation (EU) No 648/2012 of the European Parliament and of the CouncilShow full title

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

 Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Changes over time for: Article 14

 Help about opening options

Changes to legislation:

Regulation (EU) No 648/2012 of the European Parliament and of the Council, Article 14 is up to date with all changes known to be in force on or before 15 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Article 14U.K.Authorisation of a CCP

1.Where a [F1body corporate or unincorporated association established in the United Kingdom] intends to provide clearing services as a CCP, it shall apply for authorisation to [F2its competent authority] (the CCP’s competent authority), in accordance with the procedure set out in Article 17.

F32.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.Authorisation referred to in paragraph 1 shall be granted only for activities linked to clearing and shall specify the services or activities which the CCP is authorised to provide or perform including the classes of financial instruments covered by such authorisation.

4.A CCP shall comply at all times with the conditions necessary for authorisation.

A CCP shall, without undue delay, notify the competent authority of any material changes affecting the conditions for authorisation.

F45.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Back to top

Options/Help