Summary
The European Parliament agrees to extend the exemption from central clearing for certain pension-related derivative contracts until June 2022 to protect retirement benefits. 9 08.06.2021
Other
finance
economy
social policy
Key points
- The exemption from central clearing obligations for specific derivative contracts used by pension schemes is being extended.
- The Commission is exercising its power to extend this transitional period to ensure market stability.
- The new deadline for the exemption is set until 18 June 2022.
- The extension aims to protect the retirement benefits of future pensioners from risks associated with central clearing.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 6 May 2021 extending the transitional period referred to in Article 89(1), first subparagraph, of Regulation (EU) No 648/2012 of the European Parliament and of the Council
Non-objection to a delegated act: extending the transitional period referred to in Article 89(1), first subparagraph, of Regulation (EU) No 648/2012
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