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Version date: 31 March 2015 - onwards
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Article 2 Amendments to Directive 2009/138/EC

Directive 2009/138/EC is amended as follows:

(1) Article 13 is amended as follows:

(a) the following point is inserted after point (32):

'(32a) "qualifying central counterparty" means a central counterparty that has been either authorised in accordance with Article 14 of Regulation (EU) No 648/2012 of the European Parliament and of the Council [Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).] or recognised in accordance with Article 25 of that Regulation;';

(b) the following point is added:

'(40) "external credit assessment institution" or "ECAI" means a credit rating agency that is registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council [Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (OJ L 302, 17.11.2009, p. 1).] or