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). This licence authorizes ECC to offer services and activities in 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.

With effect from 26 March 2018 ECC is recognised by the Monetary Authority of Singapore (MAS) as a recognised Clearing House (RCH) in Singapore according to section 51 (2) of the Securities and Futures Act (SFA). ECC's recognition is restricted to its operation of a clearing facility for the clearing of specified derivative contracts only.