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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