Summary
The European Parliament agrees not to object to new rules adjusting the start date of clearing obligations for certain financial contracts due to the extension of the Brexit withdrawal period. 10 04.04.2019
Other
finance
european union
business and competition
Key points
- Adjustment of the effective dates for clearing obligations on certain types of financial contracts.
- Alignment of financial regulations with the extended timeline for the United Kingdom's withdrawal from the European Union.
- Provision of a 12-month exemption period for transactions where a UK counterparty is replaced by an EU-27 counterparty to ensure market stability.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 28 March 2019 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 as regards the date at which the clearing obligation takes effect for certain types of contracts
Non-objection to a delegated act: date at which the clearing obligation takes effect for certain types of contracts
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