EU · MiFIR · TITLE V DERIVATIVES

Article 29 MiFIRClearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Requires all derivatives concluded on a regulated market to be cleared by a CCP, and CCPs, trading venues and clearing members to have automated systems so that cleared derivatives are submitted and accepted for clearing as quickly as technologically practicable, with ESMA RTS setting acceptance timeframes.

Level 2: delegated and implementing acts

RTSIn forceLegal basis
Commission Delegated Regulation (EU) 2017/582 of 29 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards specifying the obligation to clear derivatives traded on regulated markets and timing of acceptance for clearing
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS on clearing of exchange-traded derivatives under Article 29 MiFIR: sets pre-trade limit checks for cleared derivatives concluded on a trading venue, maximum time frames for transferring transactions to and accepting them by the CCP (for venue and bilateral trades), and what happens to transactions not accepted for clearing.

Level 3: ESMA Q&As, guidelines and opinions

Q&ALegacy Q&A documentESMA rulebook
ESMA70-872942901-38: Questions and Answers On MiFID II and MiFIR market structure topics
ESMA · the ESMA website
AI summaryESMA's consolidated legacy Q&A document (ESMA70-872942901-38, final version 13 October 2023) on market structure topics, covering data disaggregation, direct electronic access and algorithmic trading, the tick size regime, multilateral and bilateral systems (including OTFs and systematic internalisers) and access to CCPs and trading venues. It is no longer updated; later Q&As are in ESMA's Q&A tool.

Commentary

No law-firm commentary is linked to this provision yet.

219 more documents relate to MiFIR as a whole without naming an article.

UK counterpart

Article 29 UK MiFIR · Clearing obligation for derivatives traded on regulated markets and timing of acceptance for clearing
UK MiFIR
Revocation enacted by Financial Services and Markets Act 2023; no commencement date yet.
EquivalentExplicit reference
UK revocation enacted (Financial Services and Markets Act 2023), not yet commenced.
REC 2.8.1UK · Schedule to the Recognition Requirements Regulations, Paragraph 4(2)(d)
REC Recognised Investment Exchanges · in force from 3 Jan 2018
Explicit reference
The Handbook source note on this provision cites the article.

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Version history

From 2 Jul 2014

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.