Summary
The European Parliament agrees not to object to a new regulation that maintains exemptions for the Bank of England and the UK Debt Management Office from EU market abuse rules, even after the UK leaves the EU. 10 13.03.2019
Other
economy
european union
international relations
business and competition
Key points
- The European Parliament has decided not to object to a new regulation regarding financial exemptions.
- The Bank of England and the UK Debt Management Office will continue to benefit from existing exemptions from market abuse rules.
- These exemptions are being adjusted to account for the United Kingdom's change in status to a third country.
- The swift adoption of this act is intended to ensure EU preparedness in case of a withdrawal without an agreement.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Delegated Regulation (EU) 2016/522 as regards the exemption of the Bank of England and the United Kingdom Debt Management Office from the scope of Regulation (EU) No 596/2014
Non-objection to a delegated act: exemption of the Bank of England and the United Kingdom Debt Management Office from the scope of Regulation (EU) No 596/2014
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