EMIR mandatory clearing - IRS timeline now live

The European Commission published the clearing obligation regulatory technical standard (RTS) for USD, EUR, JPY and GBP interest rate swaps in the Official Journal on 1 December 2015.

The RTS entered into force on 21 December 2015 and confirms the start dates for the phase-in period for clearing, including the classes of derivative to be cleared and the frontloading requirements.

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