Clearing Rule Book Consultation – May 2021

Dear Clearing Participant,

EuroCCP is pleased to announce that an updated version of its Clearing Rule Book is now available below for consultation, together with a memo including reading instructions.

 
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EuroCCP Clearing Rule Book WORD COMPARISON

Consultation version 11 May 2021

 

The following regulations will also be updated.

  • Regulation Margin
  • Regulation Settlement
  • Regulation Clearing Days
  • Regulation Clearing Hours
  • Regulation Transfer and Open/Close (new)
  • Regulation Clearing Fund
  • Regulation Trade Refusal
  • Regulation Portability
  • Regulation Derivatives(new)

The updated versions of the following Regulations are available below for review.

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Equity Derivative Regulations

Consultation versions 11 May 2021

The purpose of the changes is to facilitate the clearing of certain types of equity derivative instruments as traded on the Cboe Europe Derivatives trading venue. As announced on 29 April 2021, Cboe has confirmed a go-live date of 6 September 2021 for Cboe Europe Derivatives, its new Amsterdam-based equity derivatives exchange, subject to regulatory approval. The types of equity derivative instruments that will be cleared by EuroCCP are set out in the Regulation Derivatives. Further information can be found in the EuroCCP Clearing Rule Book and Regulations consultation memo.

Pursuant to Article 3.7.3 of the Clearing Rule Book, the changes to the Clearing Rule Book are open for consultation for a period of 30 calendar days, starting on 11 May 2021 and ending on 10 June 2021.

EuroCCP expects the changes to apply as of Monday 6 September 2021. Clearing Participants will be advised of the outcome of the consultation by newsflash following the consultation period.

All changes are subject to regulatory review and approval.

Should you wish to take part in the consultation process or have questions relating to these changes, please contact the EuroCCP Legal and Compliance Department at compliance@euroccp.com.

Should you have any further queries, please do not hesitate to contact us.