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Commission proposes to extend transitional provisions for exposures to third-country CCPs

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Published on: 28 April 2021

Published by LNB News

LNB News 28/04/2021

Document Information

Issue Date: 28 April 2021

Published Date: 28 April 2021

Jurisdiction(s): United Kingdom

Article summary

The European Commission is seeking feedback on a draft Commission Implementing Regulation that would extend the transitional provisions related to own funds requirements for exposures to central counterparties (CCPs) set out in Regulation (EU) 575/2013 (EU CRR). It would extend by 12 months (until 28 June 2022) the transitional period during which institutions can treat exposures to a third-country CCP that has not been recognised in accordance with Regulation (EU) 648/2012 (EU EMIR) as if they were exposures to a recognised CCP. The deadline for comments is 26 May 2021.

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