RTS · European Commission
Commission Delegated Regulation (EU) 2017/581 of 24 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on clearing access in respect of trading venues and central counterparties
RTS 15 on open access between CCPs and trading venues under Articles 35 and 36 MiFIR: limits the grounds on which access may be denied (volume, operational risk and complexity, other significant undue risks), sets when access must be granted, and requires non-discriminatory fees, collateral, netting and cross-margining treatment.
Details
| Reference | Delegated Regulation (EU) 2017/581 |
|---|---|
| Issuer | European Commission |
| Published | 31 Mar 2017 |
| CELEX | 32017R0581 |
| In force / applies from | 20 Apr 2017, 3 Jan 2018 |
Provisions it relates to
- Article 35 MiFIR · Non-discriminatory access to a CCPLegal basis
- Article 36 MiFIR · Non-discriminatory access to a trading venueLegal basis
UK version: UK Delegated Regulation (EU) 2017/581.
Documents that refer to it
- Q&AForwarded to the CommissionExplicit reference
AI summaryAsks whether a trading venue applies 'the same schedule of fees and rebates' to all CCPs under Article 11 of RTS 15 where a closely linked CCP absorbs the venue's fees, making combined trading and clearing cheaper than with unaffiliated CCPs. ESMA forwarded it to the Commission; there is no answer yet.
- Q&AForwarded to the CommissionExplicit reference
AI summaryAsks whether, under RTS 15, a trading venue's close links to a CCP call for further considerations when judging whether the fees it charges CCPs for access are discriminatory. ESMA forwarded it to the Commission; there is no answer yet.
- Q&AAwaiting answerExplicit reference
AI summaryAsks whether a trading venue that has already granted a CCP access under RTS 15 may later charge new one-off or ongoing fees not agreed at the time, and if so when. The question has been published but not yet answered.
- Q&AAwaiting answerExplicit reference
AI summaryAsks how far a trading venue may apply different fee schedules to CCPs under Article 36 MiFIR, including according to whether a CCP has close links to the venue. The question has been published but not yet answered.