The European Securities and Markets Authority (ESMA) has launched a consultation on the calculation of counterparty risk by Undertakings for Collective Investment in Transferable Securities (UCITS) which enter into OTC derivative transactions which need to be centrally cleared under the European Markets Infrastructure Regulation (EMIR).
More information via press release: http://www.esma.europa.eu/news/ESMA-consults-counterparty-risk-calculation-methods-UCITS-subject-central-clearing?t=326&o=home