Summary
The European Parliament decides not to object to an amendment that extends the deadline for applying clearing obligations to specific over-the-counter (OTC) derivative contracts. 10 13.02.2019
Other
finance
economy
administrative law
business and competition
financial institutions and credit
Key points
- The decision extends the deadlines for applying clearing obligations to certain over-the-counter derivative contracts.
- The rules specifically address transactions within corporate groups involving entities in non-EU countries where regulatory equivalence has not been granted.
- The regulation amends several existing technical standards to ensure continuity in the financial markets.
- Parliament criticized the Commission for delaying the adoption of these rules despite draft versions being available months earlier.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 19 December 2018 amending Delegated Regulation (EU) 2015/2205, Delegated Regulation (EU) 2016/592 and Delegated Regulation (EU) 2016/1178 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on the clearing obligation to extend the dates of deferred application of the clearing obligation for certain OTC derivative contracts
Non-objection to a delegated act: regulatory technical standards on the clearing obligation to extend the dates of deferred application of the clearing obligation for certain OTC derivative contracts
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.