{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2017/582 — RTS — Obligation to clear derivatives and timing of acceptance [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":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/2","url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/2","title":"Article 2 — Pre-trade check for cleared derivative transactions concluded on a trading 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Delegated Regulation (EU) 2017/582 · binding · OJ L 87, 31.3.2017 · dated 29 Jun 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":"2016-06-29","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0582 work_date_document","entry_into_force":"CELLAR 32017R0582 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated","path":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated","name":"Commission Delegated Regulation (EU) 2017/582","number":"2017/582","celex":"32017R0582","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/582 of 29 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards specifying the obligation to clear derivatives traded on regulated markets and timing of acceptance for clearing (Text with EEA relevance)","document_date":"2016-06-29"},"position":{"kind":"article","key":"2","index":2,"articles":6,"annexes":0},"prev":{"path":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/1","key":"1","title":"Article 1 — Arrangements to facilitate the transfer of information"},"next":{"path":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/3","key":"3","title":"Article 3 — Time frames for the transfer of information for cleared derivative transactions concluded on a trading venue"},"act_anchor":"#art-2"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/582/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated.md","unit_text_sha256":"fe3190ef15083ebcb2c9125cfdf73a816e4edaeaa051818cccb780d8bd876835","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/art-2","kind":"article","key":"2","heading":"Article 2 — Pre-trade check for cleared derivative transactions concluded on a trading venue","text":"## <a id=\"art-2\"></a>Article 2 — Pre-trade check for cleared derivative transactions concluded on a trading venue\n\n1. <a id=\"art-2-p-1\"></a>Trading venues and clearing members shall subject orders for the conclusion of cleared derivative transactions on a trading venue to the requirements set out in paragraphs 2, 3 and 4, except where all the conditions set out in points (a), (b) and (c) of this paragraph are satisfied:\n\n    <a id=\"art-2-p-1-a\"></a>**(a)** the rules of the trading venue require that each member or participant of the trading venue, which is not a clearing member of a CCP through which the cleared derivative transaction is cleared, has a contractual arrangement with a clearing member of the CCP under which the clearing member automatically becomes counterparty to the cleared derivative transaction;\n\n    <a id=\"art-2-p-1-b\"></a>**(b)** the rules of the CCP provide that the cleared derivative transaction concluded on a trading venue is cleared automatically and immediately, with the clearing member referred to in point (a) becoming the counterparty to the CCP;\n\n    <a id=\"art-2-p-1-c\"></a>**(c)** the rules of the trading venue provide that the member or participant of the trading venue or its client becomes counterparty to the cleared derivative transaction, after the cleared derivative transaction is cleared, pursuant to direct or indirect clearing arrangements entered into with the clearing member.\n\n1. <a id=\"art-2-p-2\"></a>A trading venue shall provide tools to ensure pre-conclusion screening on an order-by-order basis by each clearing member of the limits set and maintained by that clearing member for its client pursuant to Commission Delegated Regulation (EU) 2017/589.\n1. <a id=\"art-2-p-3\"></a>A trading venue shall ensure before the conclusion of the order that the order of the client is within the limits applicable to this client in accordance with paragraph 2:\n\n    <a id=\"art-2-p-3-a\"></a>**(a)** within 60 seconds from the receipt of the order when the order is entered into electronically;\n\n    <a id=\"art-2-p-3-b\"></a>**(b)** within 10 minutes from the receipt of the order when the order is not entered into electronically.\n\n1. <a id=\"art-2-p-4\"></a>When the order is not within the limits applicable to the client in accordance with paragraph 2, the trading venue shall inform the client and the clearing member that the order cannot be concluded in accordance with the following timelines:\n\n    <a id=\"art-2-p-4-a\"></a>**(a)** where the order is entered into electronically, on a real-time basis;\n\n    <a id=\"art-2-p-4-b\"></a>**(b)** where the order is not entered into electronically, within 5 minutes as from the moment when the order was checked against the applicable limits.\n\n","marks":[],"text_hash":"fe3190ef15083ebcb2c9125cfdf73a816e4edaeaa051818cccb780d8bd876835","revision":1}}