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Oct 15, 2015

Eurex Clearing

Amendments to Statutes for the Risk Committee

Eurex Clearing AG (Eurex Clearing) intends to implement certain amendments regarding the Statutes for the Risk Committee:

  1. Implementation of a staggered approach for the nomination of Risk Committee Members
  2. Renaming of the Risk Committee to EMIR Risk Committee
  3. Clarification of responsibilities of the Supervisory Board and the Executive Board of Eurex Clearing with respect to Risk Committee matters

The planned amendments fall in the scope of Special Provisions of the Clearing Conditions. Amendments of Special Provisions are subject to a consultation process. Eurex Clearing herewith invites its Members to provide comments.

The Consultation on the proposed changes of Special Provisions of Eurex Clearing AG will start on 16 October 2015 and shall end on 16 November 2015 at midnight. This will be followed by a shortened publication period of 15 business days, after which the proposed changes will come into effect on 8 December 2015, provided that in total no more than two affected Clearing Members, Non-Clearing Members and Registered Customers object to the application of such shortened publication period within the Consultation. If Eurex Clearing receives such objections from more than two affected Clearing Members, Non-Clearing Members and Registered Customers during the Consultation, Eurex Clearing will notify all Clearing Members promptly upon receipt of such objections in an additional electronic Eurex Clearing circular.

The amended sections of the Clearing Conditions and of the Statutes of the Risk Committee, as decided by the Executive Board of Eurex Clearing AG after consultation of the risk committee, are attached to this circular.