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
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.
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .
Supplementary provisions
ANNEXSupplementary provisions
ANNEX
In the Annex to Delegated Regulation (EU) 2015/2205, Table 4 is amended as follows:
(1)
the row for entry D.4.3 is deleted;
(2)
the following rows for entries E.4.1 and E.4.2 are added:
‘E.4.1
OIS
SOFR
USD
7D-50Y
Single currency
No
Constant or variable
E.4.2
OIS
TONA
JPY
7D-30Y
Single currency
No
Constant or variable’
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
