{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2023-02-14","held_since":"2023-02-14","gaps":[],"covered":["2016/2251 — RTS — Risk-mitigation techniques for OTC derivative contracts [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-20","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36","url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36","title":"Article 36 — Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20","family":"l2_unit_view","work_id":"spaces/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts","view_of":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Consolidated version of 14 February 2023","check":{"against":"EUR-Lex","on":"2026-10-20"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R2251-20230214","valid_from":"2017-01-04","valid_until":null,"content_id":"18a12c224b97fd3b","versions":["2017-01-04"],"version_url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36/versions/2023-02-14","revision_url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36/versions/2023-02-14/rev/18a12c224b97fd3b","versions_url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36/versions","relations_url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/36/relations","act_url":"https://www.headlesslaw.com/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts#art-36","source_line":"Commission Delegated Regulation (EU) 2016/2251 · binding · OJ L 340, 15.12.2016 · dated 4 Oct 2016 [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":"2016-10-04","entry_into_force":"2017-01-04","locators":{"document_date":"CELLAR 32016R2251 work_date_document","entry_into_force":"CELLAR 32016R2251 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts","path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts","name":"Commission Delegated Regulation (EU) 2016/2251","number":"2016/2251","celex":"32016R2251","title_official":"COMMISSION DELEGATED REGULATION (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance)","document_date":"2016-10-04"},"position":{"kind":"article","key":"36","index":38,"articles":42,"annexes":4},"prev":{"path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/35","key":"35","title":"Article 35 — Transitional provisions"},"next":{"path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/37","key":"37","title":"Article 37 — Application of Articles 9(1), 10 and 12"},"act_anchor":"#art-36"}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R2251-20230214","check":{"result":"matched","checked_at":"2026-10-20","against":"EUR-Lex"},"repo_path":"spaces/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts.md","unit_text_sha256":"ff7e2ffcd36a0f7071dcf5db1ca4e4c289b0c54b10eebc21eae6d66e427deedc","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/art-36","kind":"article","key":"36","heading":"Article 36 — Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20","text":"## <a id=\"art-36\"></a>Article 36 — Application of 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20\n\n1. <a id=\"art-36-p-1\"></a>Article 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20 shall apply as follows:\n\n    <a id=\"art-36-p-1-a\"></a>**(a)** from 1 month after the date of entry into force of this Regulation, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 3 000 billion;\n\n    <a id=\"art-36-p-1-b\"></a>**(b)** from 1 September 2017, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 2 250 billion;\n\n    <a id=\"art-36-p-1-c\"></a>**(c)** from 1 September 2018, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 1 500 billion;\n\n    <a id=\"art-36-p-1-d\"></a>**(d)** from 1 September 2019, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 750 billion;\n\n    <a id=\"art-36-p-1-e\"></a>**(e)** from 1 September 2021, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 50 billion;\n\n    <a id=\"art-36-p-1-f\"></a>**(f)** from 1 September 2022, where both counterparties have, or belong to groups each of which has, an aggregate average notional amount of non-centrally cleared derivatives that is above EUR 8 billion.\n\n2. <a id=\"art-36-p-2\"></a>By way of derogation from paragraph 1, where the conditions of paragraph 3 of this Article are met, Article 9(2), Article 11, Articles 13 to 18, points (c), (d) and (f) of Article 19(1), Article 19(3) and Article 20 shall apply as follows:\n\n    <a id=\"art-36-p-2-a\"></a>**(a)** from 30 June 2025 where no equivalence decision has been adopted pursuant to [Article 13(2)](../../articles/13.md) of Regulation (EU) No 648/2012 for the purposes of [Article 11(3)](../../articles/11.md) of that Regulation in respect of the relevant third country;\n\n    <a id=\"art-36-p-2-b\"></a>**(b)** the later of the following dates where an equivalence decision has been adopted pursuant to [Article 13(2)](../../articles/13.md) of Regulation (EU) No 648/2012 for the purposes of [Article 11(3)](../../articles/11.md) of that Regulation in respect of the relevant third country:\n\n    <a id=\"art-36-p-2-b-i\"></a>**(i)** 4 months after the date of entry into force of the decision adopted pursuant to [Article 13(2)](../../articles/13.md) of Regulation (EU) No 648/2012 for the purposes of [Article 11(3)](../../articles/11.md) of that Regulation in respect of the relevant third country;\n\n    <a id=\"art-36-p-2-b-ii\"></a>**(ii)** the applicable date determined pursuant to paragraph 1.\n\n3. <a id=\"art-36-p-3\"></a>The derogation referred to in paragraph 2 shall only apply where counterparties to a non-centrally cleared OTC derivative contract meet all of the following conditions:\n\n    <a id=\"art-36-p-3-a\"></a>**(a)** one counterparty is established in a third country and the other counterparty is established in the Union;\n\n    <a id=\"art-36-p-3-b\"></a>**(b)** the counterparty established in a third country is either a financial counterparty or a non-financial counterparty;\n\n    <a id=\"art-36-p-3-c\"></a>**(c)** the counterparty established in the Union is one of the following:\n\n    <a id=\"art-36-p-3-c-i\"></a>**(i)** a financial counterparty, a non-financial counterparty, a financial holding company, a financial institution or an ancillary services undertaking subject to appropriate prudential requirements and the third-country counterparty referred to in point (a) is a financial counterparty;\n\n    <a id=\"art-36-p-3-c-ii\"></a>**(ii)** either a financial counterparty or a non-financial counterparty and the third-country counterparty referred to in point (a) is a non-financial counterparty;\n\n    <a id=\"art-36-p-3-d\"></a>**(d)** both counterparties are included in the same consolidation on a full basis in accordance to [Article 3(3)](../../articles/3.md) of Regulation (EU) No 648/2012;\n\n    <a id=\"art-36-p-3-e\"></a>**(e)** both counterparties are subject to appropriate centralised risk evaluation, measurement and control procedures;\n\n    <a id=\"art-36-p-3-f\"></a>**(f)** the requirements of Chapter III are met.\n\n","marks":[],"text_hash":"ff7e2ffcd36a0f7071dcf5db1ca4e4c289b0c54b10eebc21eae6d66e427deedc","revision":1}}