Covers: entitlement to appoint employees of third-party entities as DMP-Coordinators and DMP-Deputies; addition of Paris as optional location to hold DMC meetings.
Effectiveness
Consultation period ends Aug. 26, 2024 and planned effective date Oct. 1, 2024.
Effective date depends on outcome of consultation to be communicated in a circular.
FCM Default Rules changes are not subject to consultation, take effect Oct. 1, 2024.
Aug. 7, 2024 CFTC 10-Day Review
On Aug. 7, 2024, CFTC issued notice of 10-day review of Eurex Clear rule certification.
Aug. 20, 2024 CFTC Certification
On Aug. 20, 2024, CFTC reported certified status of EUREX Clear rule certification.
Aug. 30, 2024 End of Consultation
On Aug. 30, 2024, EUREX Clear published Circular 064/24, confirming it had received no comments in response to a consultation process regarding proposed amendments.
Therefore, all changes and amendments regarding the above-mentioned topics, as notified in the EUREX Clear Circular 051/24, will now come into effect on Oct. 1, 2024.
As a consequence, Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients, FCM Clearing Members, vendors and other affected contractual parties should now take the changes to the Clearing Conditions and FCM Default Rules into account.
Three attachments are included, Amended sections of the Clearing Conditions of Eurex Clearing AG, as well as Amended sections of FCM Default Rules of Eurex Clearing AG.
Also, Amended sections of Default Management Committee Rules of Eurex Clearing AG.
As of Oct. 1, 2024, full version of the amended Clearing Conditions and FCM Default Rules will be available for download on the Eurex Clearing website under following link.
