Summary
The European Parliament recommends not objecting to a new Commission regulation regarding technical standards for indirect clearing arrangements to ensure timely implementation. 10 25.10.2017
Other
finance
financial institutions and credit
Key points
- Establishment of technical standards for indirect clearing arrangements within financial markets.
- Criticism regarding the Commission's delay in endorsing the draft standards, which took over a year longer than expected.
- Observation that the final regulation differs from the original draft due to amendments made by the Commission.
- Recognition that the rules are intended to take effect on January 3, 2018.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 22 September 2017 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements
Non-objection to a delegated act: regulatory technical standards on indirect clearing arrangements (supplementing Regulation (EU) No 600/2014)
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