Summary
This regulation aims to improve how central counterparties (CCPs) are supervised within the European Union. It focuses on creating a specialized committee within ESMA and setting stricter rules for recognizing financial entities from outside the EU. 10 12.12.2019
Other
finance
european union
public administration
business and competition
Key points
- Strengthening the oversight and regulation of financial market infrastructures within the European Union.
- Creation of a specialized internal committee within ESMA to manage the supervision of central counterparties.
- Enhanced procedures for the recognition and monitoring of financial entities located outside the European Union.
- Implementation of a tiered classification system for non-EU entities based on their impact on financial stability.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority) and amending Regulation (EU) No 648/2012 as regards the procedures and authorities involved for the authorisation of CCPs and requirements for the recognition of third-country CCPs
Authorisation of CCPs and recognition of third-country CCPs ***I
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