Summary
The European Parliament has agreed not to object to new rules for assessing whether financial institutions outside the EU meet essential safety and compliance standards. 9 16.09.2020
Other
economy
finance
european union
business and competition
Key points
- The decision establishes rules for assessing whether financial institutions outside the EU meet EU standards.
- The rules supplement existing regulations regarding derivatives and central counterparties.
- The focus is on 'Tier 2' institutions that are considered systemically important to the EU's financial stability.
- This measure aims to ensure a level playing field between EU and non-EU market participants.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 14 July 2020 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the minimum elements to be assessed by ESMA when assessing third-country CCPs’ requests for comparable compliance and the modalities and conditions of that assessment
Non-objection to a delegated act: minimum elements for assessing third country CCP's comparable compliance and modalities
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.