{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2022-11-29","held_since":"2022-11-29","gaps":[],"covered":["149/2013 — RTS — Indirect clearing, clearing obligation, public register [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/rts/149-2013-indirect-clearing-clearing-obligation-public-register/articles/14","url":"https://www.headlesslaw.com/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register/articles/14","title":"Article 14 — (Article 11(14)(a) of Regulation (EU) No 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Delegated Regulation (EU) No 149/2013 · binding · OJ L 52, 23.2.2013 · dated 19 Dec 2012 [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":"2012-12-19","entry_into_force":"2013-03-15","locators":{"document_date":"CELLAR 32013R0149 work_date_document","entry_into_force":"CELLAR 32013R0149 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register","path":"/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register","name":"Commission Delegated Regulation (EU) No 149/2013","number":"149/2013","celex":"32013R0149","title_official":"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)","document_date":"2012-12-19"},"position":{"kind":"article","key":"14","index":16,"articles":23,"annexes":0},"prev":{"path":"/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register/articles/13","key":"13","title":"Article 13 — (Article 11(14)(a) of Regulation (EU) No 648/2012)"},"next":{"path":"/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register/articles/15","key":"15","title":"Article 15 — (Article 11(14)(a) of Regulation (EU) No 648/2012)"},"act_anchor":"#art-14"}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0149-20221129","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register.md","unit_text_sha256":"303c36458d451fbcb4bc5df24eacb11c4cfa0ea794cf00e823d185bdfc812a71","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/emir/level-2/rts/149-2013-indirect-clearing-clearing-obligation-public-register/art-14","kind":"article","key":"14","heading":"Article 14 — (Article 11(14)(a) of Regulation (EU) No 648/2012)","text":"## <a id=\"art-14\"></a>Article 14 — (Article 11(14)(a) of Regulation (EU) No 648/2012)\n\nPortfolio compression\n\nFinancial counterparties and non-financial counterparties with 500 or more OTC derivative contracts outstanding with a counterparty which are not centrally cleared shall have in place procedures to regularly, and at least twice a year, analyse the possibility to conduct a portfolio compression exercise in order to reduce their counterparty credit risk and engage in such a portfolio compression exercise.\n\nFinancial counterparties and non-financial counterparties shall ensure that they are able to provide a reasonable and valid explanation to the relevant competent authority for concluding that a portfolio compression exercise is not appropriate.\n\n","marks":[],"text_hash":"303c36458d451fbcb4bc5df24eacb11c4cfa0ea794cf00e823d185bdfc812a71","revision":1}}