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Article 1 – Derivatives subject to the trading obligation ⬅️ | ➡️ Article 3 – Entry into force

Article 2 - Dates from which the trading obligation takes effect

The trading obligation referred to in 2014 shall, for each category of counterparties referred to in Article 3 of Delegated Regulation (EU) 2015/2205 and Article 3 of Delegated Regulation (EU) 2016/592, take effect from the later of the following dates:

(a)

3 January 2018;

(b)

the date referred to in Article 3 of Delegated Regulation (EU) 2015/2205 or Article 3 of Delegated Regulation (EU) 2016/592 for that category of counterparties.