Summary
The European Parliament has approved exemptions for certain UK financial institutions to ensure EU preparedness for a potential 'no-deal' Brexit. 10 13.03.2019
Other
economy
finance
european union
international relations
Key points
- The European Parliament supports an update to the list of entities exempt from certain financial regulations.
- The amendment applies to existing rules regarding over-the-counter derivatives and central counterparties.
- Specific exemptions are granted to the United Kingdom's central bank and public bodies managing public debt.
- These UK entities will be exempt from clearing, reporting, and certain risk-mitigation requirements.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the list of exempted entities
Non-objection to a delegated act amending Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the list of exempted entities
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