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EU Update on 2014 Legislation

The EU Commission has published a summary of the legislative proposals and non-legislative acts that it expects to adopt between 14 March 2014 and 31 December 2014.  Of relevance to financial services are the following:

Initiative

Estimated Date of Adoption

Assessment of the potential technical solutions for the transfer by pension scheme arrangements to CCPs of non-cash collateral as variation margin under EMIR

Q1 2014

Delegated Regulation detailing procedural rules for imposing fines or periodic penalty payments to trade repositories under EMIR

Q1 2014

Framework for crisis management and resolution for financial institutions other than banks

Q4 2014

 

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