+Article 33 3.

Article 33 3.

The competent authorities shall, without prejudice to points (a) and (b) of paragraph 2, have the power in individual cases to require a natural or legal person entering into a credit default swap transaction to provide:

(a) 

an explanation about the purpose of the transaction and whether it is for the purposes of hedging against a risk or otherwise; and

(b) 

information verifying the underlying risk where the transaction is for hedging purposes.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards