{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2020/1304 — Delegated act — Requests for comparable compliance of third-country CCPs [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps/articles/5","url":"https://www.headlesslaw.com/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps/articles/5","title":"Article 5 — Exemptions and incompatible 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Delegated Regulation (EU) 2020/1304 · binding · OJ L 305, 21.9.2020 · dated 14 Jul 2020 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2020-07-14","entry_into_force":"2020-09-22","locators":{"document_date":"CELLAR 32020R1304 work_date_document","entry_into_force":"CELLAR 32020R1304 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps","path":"/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps","name":"Commission Delegated Regulation (EU) 2020/1304","number":"2020/1304","celex":"32020R1304","title_official":"COMMISSION DELEGATED REGULATION (EU) 2020/1304 of 14 July 2020 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the minimum elements to be assessed by ESMA when assessing third-country CCPs’ requests for comparable compliance and the modalities and conditions of that assessment (Text with EEA relevance)","document_date":"2020-07-14"},"position":{"kind":"article","key":"5","index":5,"articles":7,"annexes":2},"prev":{"path":"/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps/articles/4","key":"4","title":"Article 4 — Comparable compliance with respect to Title V of Regulation (EU) No 648/2012"},"next":{"path":"/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps/articles/6","key":"6","title":"Article 6 — Changes to the applicable third-country framework"},"act_anchor":"#art-5"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2020/1304/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps.md","unit_text_sha256":"4b14f6c0036547ae10b43490bdb42cb4f03c204a409fc0518c79073da7a0dba7","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/emir/level-2/delegated-acts/2020-1304-requests-for-comparable-compliance-of-third-country-ccps/art-5","kind":"article","key":"5","heading":"Article 5 — Exemptions and incompatible requirements","text":"## <a id=\"art-5\"></a>Article 5 — Exemptions and incompatible requirements\n\n1. <a id=\"art-5-p-1\"></a>ESMA shall not refuse comparable compliance with respect to the requirements set out in [Article 16](../../articles/16.md) and Titles IV and V of Regulation (EU) No 648/2012 for the mere reason that the Tier 2 CCP applies an exemption under the applicable third-country framework which is comparable to any of those set out in paragraphs 4 and 5 of [Article 1](../../articles/1.md) of that Regulation. The Tier 2 CCP shall provide evidence that the Union and third-country exemption are comparable.\n\n2. <a id=\"art-5-p-2\"></a>Where complying with a specific requirement set out in [Article 16](../../articles/16.md) or Titles IV or V of Regulation (EU) No 648/2012 implies a breach of the applicable third-country framework, ESMA shall grant comparable compliance with respect to that requirement only where the Tier 2 CCP provides evidence that:\n\n    <a id=\"art-5-p-2-a\"></a>**(a)** it is impossible to comply with that requirement without breaching a mandatory provision of the applicable third-country framework;\n\n    <a id=\"art-5-p-2-b\"></a>**(b)** the applicable third-country framework effectively achieves the same objectives as [Article 16](../../articles/16.md) and Titles IV and V of Regulation (EU) No 648/2012;\n\n    <a id=\"art-5-p-2-c\"></a>**(c)** it complies with the applicable third-country framework.\n\n","marks":[],"text_hash":"4b14f6c0036547ae10b43490bdb42cb4f03c204a409fc0518c79073da7a0dba7","revision":1}}