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Regulatory Framework

As of 11 June 2014, ECC has been granted a Central Counterparty licence according to Article 14 (1) of the Regulation (EU) 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR). The licence is valid for the European Union. It covers commodity transactions or transactions with commodities as the underlying. ECC is supervised by the German Federal Financial Supervisory Authority, the German Central Bank and the European Securities and Markets Authority:

ECC is a member of the European Association of Clearing Houses (EACH) and complies with the risk standards promoted by EACH, namely the CPSS-IOSCO principles for Financial Market Infrastructures.