Non-financial counterparties and financial counterparties
Non-financial counterparties and financial counterparties that exceed a specified clearing threshold shall notify ESMA and the competent authority.
Non-financial counterparties and financial counterparties that choose not to perform the calculation against specified thresholds, must also notify ESMA and the competent authority of this.
Non-financial counterparties and financial counterparties that exceed the thresholds or choose not to perform the calculation, must start clearing the transactions within 4 months of notifying ESMA and the competent authority.
Exemption from clearing obligation or reporting obligation for intra-group transactions
Intra-group transactions may qualify for an exemption from the clearing obligation, the reporting obligation and the obligation to provide collateral for bilaterally cleared trades (see more under the Clearing obligation).
- Form for notification to the Danish FSA of intra-group exemption from the clearing obligation
- Form for notification to the Danish FSA of intra-group exemption from the reporting obligation
Notifications to the Danish FSA should be sent to finanstilsynet@ftnet.dk, att. Capital Market Analysis.
EMIR (REFIT) can be found here.