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Commission Delegated Regulation (EU) No 149/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements, the clearing obligation, the public register, access to a trading venue, non-financial counterparties, and risk mitigation techniques for OTC derivatives contracts not cleared by a CCP (Text with EEA relevance)
Full document Article 1 of 23 For the purposes of this Regulation the following definitions apply:
1(a) (a) ‘indirect client’ means the client of a client of a clearing member;
Copy link Copy citationArt 1(a) 149/2013 1(b) (b) ‘indirect clearing arrangements’ means the set of contractual relationships between providers and recipients of indirect clearing services provided by a client, an indirect client or a second indirect client;
Copy link Copy citationArt 1(b) 149/2013 1(c) (c) ‘confirmation’ means the documentation of the agreement of the counterparties to all the terms of an over the counter (OTC) derivative contract;
Copy link Copy citationArt 1(c) 149/2013 1(d) (d) ‘second indirect client’ means a client of an indirect client;
Copy link Copy citationArt 1(d) 149/2013 1(e) (e) ‘third indirect client’ means a client of a second indirect client.
Copy link Copy citationArt 1(e) 149/2013 CHAPTER II — INDIRECT CLEARING ARRANGEMENTS (Article 4(4) of Regulation (EU) No 648/2012)