{"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/5","url":"https://www.headlesslaw.com/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/5","title":"Article 5 — Treatment of cleared derivative transactions not accepted for 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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":"5","index":5,"articles":6,"annexes":0},"prev":{"path":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/4","key":"4","title":"Article 4 — Time frames for the transfer of information for cleared derivative transactions concluded on a bilateral basis"},"next":{"path":"/mifir/level-2/rts/2017-582-the-obligation-to-clear-derivatives-traded-on-regulated/articles/6","key":"6","title":"Article 6 — Entry into force and application"},"act_anchor":"#art-5"}},"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":"e441e8720f52da1afddfaca51e69fbfb7ac5b720c9a5f3561befe07eac41e98d","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-5","kind":"article","key":"5","heading":"Article 5 — Treatment of cleared derivative transactions not accepted for clearing","text":"## <a id=\"art-5\"></a>Article 5 — Treatment of cleared derivative transactions not accepted for clearing\n\n1. <a id=\"art-5-p-1\"></a>Where a cleared derivative transaction that is concluded on a trading venue electronically is not accepted by the CCP, the trading venue shall void such contract.\n1. <a id=\"art-5-p-2\"></a>Where a cleared derivative transaction, other than a cleared derivative transaction concluded on a trading venue electronically, is not accepted by the CCP, the treatment of the transaction shall be governed by:\n\n    <a id=\"art-5-p-2-a\"></a>**(a)** the rules of the trading venue, where the contract is submitted for clearing in accordance with the rules of the trading venue;\n\n    <a id=\"art-5-p-2-b\"></a>**(b)** the agreement between the counterparties in all other situations.\n\n1. <a id=\"art-5-p-3\"></a>Where the non-acceptance is due to a technical or clerical problem, the cleared derivative transaction can be submitted for clearing once more within one hour from the previous submission in the form of a new transaction but with the same economic terms, provided that both counterparties have agreed to the second submission. The trading venue on which the cleared derivative transaction was initially concluded shall not be subject to the requirements of Article 8 of Regulation (EU) No 600/2014 for the submission to clearing of the second cleared derivative transaction.\n\n","marks":[],"text_hash":"e441e8720f52da1afddfaca51e69fbfb7ac5b720c9a5f3561befe07eac41e98d","revision":1}}