Summary
The European Parliament has agreed not to object to temporary changes in collateral rules. These changes allow energy companies to use bank and public guarantees to manage liquidity during market volatility. 9 24.11.2022
Other
energy
finance
economy
public administration
business and competition
Key points
In force from 21/10/2022 (Based on the date of the Commission delegated regulation mentioned in the text (21 October 2022). The duration is specified as 12 months from entry into force.)
- Implementation of emergency measures to respond to extreme volatility in energy markets.
- Temporary modification of the technical standards regarding what can be used as collateral at central counterparties.
- Expansion of eligible collateral to include uncollateralised bank guarantees for non-financial companies acting as clearing members.
- Inclusion of public guarantees as valid collateral for all types of counterparties.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 21 October 2022 amending the regulatory technical standards laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements
Non-objection to a delegated act: temporary emergency measures on collateral requirements
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