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Text as of 12 Aug 2022 · Regulation (EU) No 648/2012, OJ L 201, 27.7.2012 · Same wording as today’s text.Today’s text

Recital 18

Financial servicesLevel 1RegulationEMIRIn forceOfficial source

Where ESMA has identified that an OTC derivative product is standardised and suitable for clearing but no CCP is willing to clear that product, ESMA should investigate the reason for this.