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Commission Delegated Regulation (EU) 2024/363 of 11 October 2023 amending the regulatory technical standards laid down in Delegated Regulation (EU) 2015/2205 as regards the transition to the TONA and SOFR benchmarks referenced in certain OTC derivative contracts

CELEX
32024R0363
Document type
REG_DEL
Sector
Legislation
Date of document
2023-10-11
In force since
2024-02-11
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1

Delegated Regulation (EU) 2015/2205 is amended as follows: (1) in Article 3, the following paragraph 1c is inserted: ‘1c. By way of derogation from paragraph 1, and excluding contracts referred to in paragraph 1b, in respect of contracts pertaining to a class of OTC derivatives set out in the Annex in rows E.4.1 and E.4.2 of Table 4, the clearing obligation for such contracts shall take effect on 11 February 2024.’; (2) the Annex is amended in accordance with the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

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