- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y’i mabwysiadwyd gan yr UE)
Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events (Text with EEA relevance)
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Commission Delegated Regulation (EU) No 918/2012, Article 16 is up to date with all changes known to be in force on or before 28 January 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.![]()
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Any natural or legal person entering into a sovereign credit default swap position shall, on the request of the [F1FCA]:
justify to [F2the FCA] which of the cases set out in Article 15 were fulfilled at the time the position was entered into;
demonstrate to [F2the FCA] compliance with the correlation test in Article 18 and the proportionality requirements in Article 19 in respect of that sovereign credit default swap position at any time that they hold that sovereign credit default swap.
Textual Amendments
F1Words in Art. 16 substituted (31.12.2020) by The Short Selling (Amendment) (EU Exit) Regulations 2018 (revoked) 2018 (S.I. 2018/1321), regs. 1(2), 15(7)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 16(a)(b) substituted (31.12.2020) by The Short Selling (Amendment) (EU Exit) Regulations 2018 (revoked) 2018 (S.I. 2018/1321), regs. 1(2), 15(7)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
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