Plné znění - 32015R1515

(1)

&Xxxxxx;xxřxxx&xxxxxx; xxxxxxxxxxx xxxxxxx&xxxxxx; xxxx xxxxxxxxxxx xxxxx xxxxxxxxxx&xxxxxx;xx na xxxxxx čx několika xxxxxčx&xxxxxx;xx xxx&xxxxxx;xx. &Xxxxxx;xěxxx&xxxxxx; xxxxxx xěxxxx xxxxxxxxxx xx xx&xxxxxx;xňxxx složením xxxx&xxxxxx;xěx&xxxxxx;, které se xxxxč&xxxxxx;x&xxxxxx; xxx, xxx xxxxxxx veškeré možné xxx&xxxxxx;xx při selhání. &Xxxxxx;xxřxxx&xxxxxx; protistrany xřxx&xxxxxx;xxx&xxxxxx; xxxx zajištění pouze xxxxxx xxxxxxx&xxxxxx; aktiva, xxxxxxx hotovost, xxx xxxxx dostát x&xxxxxx;xx&xxxxxx;x x&xxxx;&xxxxxx;xxxxě variační xxxžx, x&xxxx;x&xxxxxx;x xxxžxxx xxxxxxx xxxxxxxxx x&xxxx;xř&xxxxxx;xxxě xxxx&xxxxxx;x&xxxxxx;.

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Xxxžxx xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx x&xxxx;xxxxx čxxxxx&xxxxxx;xx státech xxxx xxxxxx&xxxxxx;xx &xxxxxx;čxxxx&xxxxxx;xx xxxx x&xxxx;XXX deriváty. Složky xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx x&xxxxxx;xx xxxxxě xxxxxxxxxxx&xxxxxx; xxxx xxxxxxxx x&xxxx;x&xxxxxx;xxx xxxx xxž&xxxxxx; x&xxxxxx;xxxxěx&xxxxxx;&xxxxxx; xxxxxxxxx, xxxx jsou xxxx&xxxxxx; xxx&xxxxxx;xx, za účelem xxxx&xxxxxx;xěx&xxxxxx; vysoké x&xxxxxx;xxxxxxxxx xxx xůxxxxxx. Xxxxxxxx xxxxxxxx&xxxxxx;x&xxxxxx; xxxžxx xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx, jejichž xxxx&xxxxxx;xx&xxxxxx;x &xxxxxx;čxxxx xx xxxxxxxčxxxx x&xxxxxx;xxx x&xxxx;xůxxxxx, xxxxxxx xx xxxxě doživotních xxxxxx, xx&xxxxxx;xx xxx&xxxxxx; xxxxxx xxxx&xxxxxx;xxx&xxxxxx;xx xxčxxxě xxxx xxxxxx&xxxxxx;xxxě, xxxxxxx xxxxxxxxxxx&xxxxxx; xxžxx prostředků x&xxxx;xxxxxxxxx, xxx xxxxxxxxxxxxxx xxxxxxxxxxx x&xxxx;x&xxxxxx;xxxxxxxx xxx xx&xxxxxx; xxxxxxx&xxxxxx;xx. Xxxxxxxx&xxxxxx; xxžxxxxxx, xxx tyto xxxxxxxx prováděly xxxxxxxx XXX xxxxx&xxxxxx;xxx&xxxxxx;xx smluv xxxxx&xxxxxx;xxě, xx xxx xěxx za x&xxxxxx;xxxxxx xřxxxx x&xxxxxx;xxxxx&xxxxxx; části xxxxxx xxxxx xx xxxxxxxxx, aby xxxxx xxxxx xxůxěžx&xxxxxx; maržové xxžxxxxxx &xxxxxx;xxřxxx&xxxxxx;xx protistran.

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X&xxxx;xxxxxxxxx&xxxxxx; čx.&xxxx;89 xxxx.&xxxx;1 xxř&xxxxxx;xxx&xxxxxx; (XX) č.&xxxx;648/2012 je xxxxx uvedeno, že xx dobu xř&xxxxxx; xxx xx xxxxxx xxxxxx&xxxxxx;xx xxř&xxxxxx;xxx&xxxxxx; x&xxxx;xxxxxxxx xx povinnost clearingu xxxxxxxx&xxxxxx; v článku 4 xxxxxxxxxx xx XXX xxxxx&xxxxxx;xxx&xxxxxx; xxxxxxx, xxxx&xxxxxx; xxxx xxxxxxxxxě xěřxxxxx&xxxxxx; xxxx xxxžxx&xxxxxx;x&xxxxxx; xxxxxxxčx&xxxxxx; xxxxxx xř&xxxxxx;xx xxxxxxxx&xxxxxx;x&xxxxxx; x&xxxx;xxxxxčx&xxxxxx; xxxxxxxxxxx&xxxxxx; xxxžxx penzijního xxxx&xxxxxx;xx. Xřxxxxxx&xxxxxx; xxxxx&xxxxxx; xx vztahuje rovněž xx xxxxxxxx xř&xxxxxx;xxx&xxxxxx; xxx &xxxxxx;čxxx xxxxxxxx&xxxxxx;x&xxxxxx; x&xxxxxx;xxxxx čxxxůx xxxžxx xxxxxxx&xxxxxx;xx systému v případě xxxx&xxxxxx;x&xxxxxx;.

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X&xxxx;x&xxxxxx;xxx xxxxxx&xxxxxx;xx xxxxxxxx&xxxxxx; xxxčxxx&xxxxxx; situace xřxxxxxxxx Xxxxxx x&xxxx;xxxxxxx x&xxxx;čx.&xxxx;85 xxxx.&xxxx;2 xxř&xxxxxx;xxx&xxxxxx; (XX) č.&xxxx;648/2012 xxx&xxxxxx;xx, v níž xxxxxx&xxxxxx;, xxx ústřední xxxxxxxxxxx xxxxxxxx xxxxxxx&xxxxxx; &xxxxxx;xxx&xxxxxx; x&xxxx;xxxxxxx&xxxxxx; vhodných xxxxxxxx&xxxxxx;xx řx&xxxxxx;xx&xxxxxx; xxx xřxxxx xxxxxxxxxxx&xxxxxx;xx kolaterálu xxxx variační marže xxxžxxxx xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx. X&xxxx;x&xxxxxx;xxx provedení xxxxxx xxxxxxxx&xxxxxx; xxxxxx Xxxxxx xxxxxxxx&xxxxxx;x&xxxxxx; x&xxxxxx;xxxxx&xxxxxx; xxxxxx x&xxxx;řx&xxxxxx;xx&xxxxxx;xx xxx xřxxxx xxxxxxxxxxx&xxxxxx;xx xxxxxxx&xxxxxx;xx xxxžxxxx xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx xx &xxxxxx;xxřxxx&xxxxxx; protistrany, jakož x&xxxx;x&xxxx;xxxxxx v případě, žx xxxx výjimka xxx&xxxxxx;xxx x&xxxx;xxxxxx xxxxxxxx xxx&xxxxxx; řx&xxxxxx;xx&xxxxxx;, xxxxx xxx x&xxxx;xx&xxxxxx;žxx&xxxxxx; důchodového xř&xxxxxx;xxx xxx xř&xxxxxx;xxxxx xůxxxxx xxxčxx&xxxxxx;xx xxxžxx penzijního xxxx&xxxxxx;xx.

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X&xxxx;xxxxxxx se xxx&xxxxxx;xěx&xxxxxx;xx xx&xxxxxx; xxx&xxxxxx;xx se Xxxxxx xxxx&xxxxxx;x&xxxxxx;, žx &xxxxxx;xxřxxx&xxxxxx; xxxxxxxxxxx až xxxxx nevyvinuly xxxxxxxčx&xxxxxx; &xxxxxx;xxx&xxxxxx; xxxxxxx&xxxxxx; x&xxxx;xxxxxxxx&xxxxxx;x&xxxxxx; xxxxx&xxxxxx;xx xxxxxxxx&xxxxxx;xx řx&xxxxxx;xx&xxxxxx; x&xxxx;žx se xxxxxxxx&xxxxxx; xxxxx xxxxx&xxxxxx;xxě zúčtovaných XXX xxxxx&xxxxxx;xxx&xxxxxx;xx xxxxx xx xůxxxxxx&xxxxxx; x&xxxxxx;xxx xxxxxx&xxxxxx;xx důchodců xxxěx&xxxxxx;.

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Xř&xxxxxx;xxx&xxxxxx; xřxxxxxx&xxxxxx; xxxxx&xxxxxx; uvedené x&xxxx;čx.&xxxx;89 odst. 1 xxř&xxxxxx;xxx&xxxxxx; (XX) č. 648/2012 xx xxxxx xěxx x&xxxxxx;x xxxxxxxžxxx o dva roky.

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Toto xxř&xxxxxx;xxx&xxxxxx; xx xěxx xxxxxxxx v platnost co xxxxř&xxxxxx;xx, xxx x&xxxx;xxxxxxxžxx&xxxxxx; xx&xxxxxx;xxx&xxxxxx;x&xxxxxx;xx xřxxxxxx&xxxxxx;xx xxxxx&xxxxxx; xx&xxxxxx;xx xřxx xxxxxx xxxxxxx&xxxxxx;x xxxx co xxxxř&xxxxxx;xx xxx&xxxxxx;. Xxxxěx&xxxxxx;&xxxxxx; xxxxx x&xxxx;xxxxxxxx xx xxxx u složek xxxxxxx&xxxxxx;xx xxxx&xxxxxx;xx xxxxxxx xx&xxxxxx;xx&xxxxxx; xxxxxxxxx ohledně xxxxxčxxxxx, xxx xx xxx&xxxxxx; xxč&xxxxxx;x připravovat xx xxxxx&xxxxxx;xxx&xxxxxx;x&xxxxxx; xxxxxxxxxx clearingu,