ECC Implementation Rule Updated


On Oct.9, ECC updated technical equipment implementation regulation.


  • ECC issued amended Implementation Regulation of European Commodity Clearing AG Concerning Technical Equipment (Ref. 0003) regarding the registration process of Participant Software, following EUREX Clearing C7 Release 11.0 (see #213716).
  • Amendments
  • Changes to Sec. 17 of Implementation Regulation to reflect that, if contractual party uses own software to communicate with clearing system, must register that at ECC.
  • If the contractual party uses software of third-party to communicate with the clearing system, both third party and software must be registered at ECC by the third party.
  • Effectiveness
  • The amendments will take effect as of Oct. 30, 2024.

Regulators ECC
Entity Types B/D; Depo; Exch
Reference Cir 48/2024, RF Ref. 0003, 10/9/2024
Functions Operations; Outsourcing; Reporting; Risk; Settlement; Technology; Trading
Countries EU Exchange
Category
State
Products Clearing; Commodities; Futures
Regions EMEA
Rule Type Final
Rule Date 10/9/2024
Effective Date 10/30/2024
Rule Id 229384
Linked to Rule :213716
Reg. Last Update 10/9/2024
Report Section EU

Last substantive update on 10/14/2024