Summary
The European Parliament approves an adjustment to the timelines for risk-management procedures regarding certain derivative contracts. This change accounts for the extension of the UK's withdrawal period from the EU. 10 04.04.2019
Other
economy
finance
european union
financial institutions and credit
Key points
- Adjustment of deadlines for risk-management procedures in OTC derivative markets.
- The regulation responds to the extension of the Brexit withdrawal period under Article 50.
- Provision of a 12-month exemption window for transitioning counterparties from the UK to the EU-27.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 28 March 2019 amending Delegated Regulation (EU) 2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date until which counterparties may continue to apply their risk-management procedures for certain OTC derivative contracts not cleared by a CCP
Non-objection to a delegated act: date until which counterparties may continue to apply their risk-management procedures for certain OTC derivative contracts not cleared by a CCP
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