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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":"39","index":41,"articles":42,"annexes":4},"prev":{"path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/38","key":"38","title":"Article 38 — Dates of application for specific contracts"},"next":{"path":"/emir/level-2/rts/2016-2251-risk-mitigation-techniques-for-otc-derivative-contracts/articles/40","key":"40","title":"Article 40 — Entry into 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that meets all of the following conditions:\n\n    <a id=\"art-39-p-1-a\"></a>**(a)** that are recorded on the last business day of March, April and May of 2016 with respect to counterparties referred to in point (a) of Article 36(1);\n\n    <a id=\"art-39-p-1-b\"></a>**(b)** that are recorded on the last business day of March, April and May of the year referred to in each of the points in Article 36(1);\n\n    <a id=\"art-39-p-1-c\"></a>**(c)** it includes all the entities of the group;\n\n    <a id=\"art-39-p-1-d\"></a>**(d)** it includes all the non-centrally cleared OTC derivative contracts of the group;\n\n    <a id=\"art-39-p-1-e\"></a>**(e)** it includes all the intragroup non-centrally cleared OTC derivative contracts of the group, counting each one of them once.\n\n2. <a id=\"art-39-p-2\"></a>For the purpose of paragraph 1, UCITS authorised in accordance with Directive 2009/65/EC and alternative investment funds managed by alternative investment fund managers authorised or registered in accordance with Directive 2011/61/EU shall be considered distinct entities and treated separately, where the following conditions are met:\n\n    <a id=\"art-39-p-2-a\"></a>**(a)** the funds are distinct segregated pools of assets for the purposes of the fund's insolvency or bankruptcy;\n\n    <a id=\"art-39-p-2-b\"></a>**(b)** the segregated pools of assets are not collateralised, guaranteed or otherwise financially supported by other investment funds or their managers.\n\n","marks":[],"text_hash":"7b5f3f1cc1c590c0a3f3e955e9b28b98be297fc7155745af8006ef3ee00961ce","revision":1}}