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EU OJ printing press runs red-hot

The Official Journal of the EU was thicker than usual yesterday (12 June 2014) with the publication of a number of landmark regulations. In addition to MiFID II/MiFIR, the daily publication also gave notice of the following legislation’s entry into force:

  • The Bank Recovery and Resolution Directive (2014/59/EU). The BRRD enters into force on 3 July 2014, excepting Article 124 (amendments to CRD IV Directive (2013/36/EU)) which takes force from 1 January 2015
  • The recast Deposit Guarantee Schemes Directive (2014/49/EU)which enters into force on 3 July 2014
  • The Market Abuse Regulation (Regulation 596/2014) (MAR) and Directive on criminal sanctions for insider dealing and market manipulation (2014/57/EU) (CSMAD) (MAD II in conjunction). MAR enters into force in July 2016 (certain provisions defined in Article 39 take effect on 2 July 2014). Member states (with the exception of the UK which has opted-out) have 2 years to transpose the CSMAD regulation into national law

As usual- no need to save the above dates, they can be found on the comprehensive legislative timeline on the main DRS ‘site!

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