Having thoroughly assessed the requirements, BaFin has approved an application according to Article 54 para. 2 Markets in Financial Instruments Regulation (MiFIR) by Eurex Clearing AG. Article 35 MiFIR provides, in principle, that a trading venue has the right to non-discriminatory access to a central counterparty (CCP) if certain conditions are met. Pursuant to Article 54(2) of MiFIR, if a CCP submits an application, the competent authority may decide that, as regards exchange-traded derivatives, Article 35 of MiFIR will not apply for a transitional period until 3 July 2020. Therefore, Eurex Clearing AG only has to apply Article 35 of MiFIR with regard to exchange-traded derivatives from 3 July 2020 onwards.
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