Applications and notifications for EMIR

Notifications and applications concerning EMIR shall be made using the following forms. Please note that if the reporting party has an Icelandic ID number the following link to the Client Portal of the Central Bank should be used to send a notification or application.

Application for exemption from clearing obligation for derivatives trading between counterparties within the same group, where one party is within the EEA and the other outside, pursuant to Article 4 of EU Regulation 648/2012.

Notification on the use of an exemption from clearing obligation for derivatives trading between counterparties within the same group, where both parties are within the EEA, pursuant to Article 4 of EU Regulation 648/2012.

By submitting this form, a non-financial counterparty declares that it exceeds the clearing threshold for any of the following:

1. OTC credit derivative contracts;
2. OTC equity derivative contracts;
3. OTC foreign exchange derivative contracts;
4. OTC interest rate derivative contracts; and
5. OTC commodity derivative contracts and other OTC derivative contracts not defined under points (a) to (d).

In order to facilitate the process for groups, this form should be used in conjunction with Section C to make a combined notification on behalf of other non-financial counterparties within a group to which the notifying counterparty belongs and which are established in the European Union. In that case the form should list all of the other relevant non-financial entities in Section C. Non-financial counterparties which do not trade OTC derivatives should not be listed.

By submitting this form, a non-financial counterparty declares that it no longer exceeds the clearing threshold for any of the following:

1. OTC credit derivative contracts;
2. OTC equity derivative contracts;
3. OTC foreign exchange derivative contracts;
4. OTC interest rate derivative contracts; and
5. OTC commodity derivative contracts and other OTC derivative contracts not defined under points (a) to (d).

Only non-financial counterparties that have previously made a notification that they have exceeded the clearing threshold under article 10(1) of the EMIR Regulation need to make this notification.

In order to facilitate the process for groups, this form should be used in conjunction with Section C to make a combined notification on behalf of other non-financial counterparties within a group to which the notifying counterparty belongs and which are established in the European Union. In that case the form should list all of the other relevant non-financial entities in Section C.