Extension of the transitional period for third-country central counterparties under Article 497 of Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation No. 648/2012 2
In Article 497 (own funds requirements for exposures to CCPs) of Regulation (EU) 575/20133, the transitional period referred to in paragraph 1(b)(ii)4 is extended by 12 months so that it ends four years after the date of the submission of the application.