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Commission Implementing Regulation (EU) No 484/2014Dangos y teitl llawn
Commission Implementing Regulation (EU) No 484/2014 of 12 May 2014 laying down implementing technical standards with regard to the hypothetical capital of a central counterparty according to Regulation (EU) No 648/2012 of the European Parliament and of the Council (Text with EEA relevance)
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- Rheoliadau yn deillio o’r UE
- 2014 No. 484
- Article 1
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Changes over time for: Article 1
Changes to legislation:
Commission Implementing Regulation (EU) No 484/2014, Article 1 is up to date with all changes known to be in force on or before 05 February 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.
EUR 2014 No. 484 may be subject to amendment by EU Exit Instruments made by the Bank of England under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 3. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.
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Changes and effects yet to be applied to Article 1:
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 1 3
Article 1U.K.Frequency and dates of the calculation required by Article 50a(3) of Regulation (EU) No 648/2012
1.The frequency of the calculation specified in Article 50a(3) of Regulation (EU) No 648/2012 shall be monthly except where the discretion provided for in Article 3(1) of this Regulation is exercised, in which case the frequency shall be either weekly or daily.
2.Where the frequency of the calculation referred to in paragraph 1 is monthly, the CCP shall apply both of the following:
(a)the reference days for that calculation shall be as follows:
January 31, February 28 (or February 29 in a leap year), March 31, April 30, May 31, June 30, July 31, August 31, September 30, October 31, November 30, December 31;
(b)the day on which the CCP shall undertake that calculation (day of calculation) shall be respectively:
February 1, March 1, April 1, May 1, June 1, July 1, August 1, September 1, October 1, November 1, December 1, January 1.
3.Where the frequency referred to in paragraph 1 is weekly or daily, the day of the first calculation shall fall on the day following the day of the request of the competent authority. The first reference day shall be the day of the request of the competent authority. For the subsequent calculations the reference day shall be the day before the day of calculation. In case of weekly calculation, the time span between the days of calculation shall be 5 working days.
4.Where the day of calculation is a public holiday, Saturday or Sunday, the calculation shall be carried out on the following working day.
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