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Press briefing ahead of the upcoming Education, Youth, Culture and Sport Council will take place on 22 November 2024 at 15.00.
The Council firmly reiterated its support to the proposed targeted amendment of the EU deforestation regulation, postponing its date of application by 12 months, as the best way forward to ensure legal certainty for all stakeholders.
European Commission Speech Brussels, 20 Nov 2024 Ladies and gentlemen, dear friends,
Thank you very much for the invitation to be here with you today, possibly one of my final events after five years as Europe...
The European Investment Bank (EIB) is lending Romanian energy distributor Delgaz Grid €200 million to upgrade the electricity network in the country’s northeastern region of Moldova; the loan amount can be disbursed both in EUR and RON. The EIB credit is part of a €630 investment programme by Delgaz Grid to improve a power system that serves more than 1.5 million households and businesses.
Eurojust, Europol and authorities from 10 countries stopped a criminal group operating an intricate cigarette trafficking scheme. The authorities discovered a Polish group active in cigarette trafficking and investigations connected a counterfeit cigarette factory in France to another international criminal group involved in the operation. Fifteen suspects were arrested on Tuesday morning in a joint operation involving five countries.
The European Investment Bank (EIB) is providing a €200 million loan to the Croatian Bank for Reconstruction and Development (HBOR) to expand financing for a range of businesses in the country. The EIB loan will enable to HBOR to extend funds to Croatian small and medium-sized enterprises (SMEs), Mid-Caps and public entities for projects that include tackling climate change and promoting environmental sustainability.
The European Investment Bank (EIB) is lending the Municipality of Tuusula in Finland €105 million to construct school complexes, marking the bank's first venture with smaller Finnish municipalities.
The European Investment Bank (EIB) is lending the Municipality of Tuusula in Finland €105 million to construct school complexes, marking the bank's first venture with smaller Finnish municipalities.
Active Account Requirement - ESMA is seeking first input under EMIR 3
20 November 2024
CCP
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper (CP) on the conditions of the Active Account Requirement (AAR) following the review of the European Market Infrastructure Regulation (EMIR 3).
The amending Regulation introduces a new requirement for EU counterparties active in certain derivatives to hold an operational and representative active account at a Central Counterparty (CCP) authorised to offer services and activities in the European Union (EU).
ESMA is seeking stakeholder input on several key aspects of the AAR, including the:
three operational conditions to ensure that the clearing account is effectively active and functional, including stress-testing;
representativeness obligation for the most active counterparties; and
reporting requirements to assess their compliance with the AAR
Next steps
ESMA will consider the feedback received to this consultation by 27 January 2025 and aims to submit the final draft RTS to the European Commission within 6 months following the entry into force of EMIR 3.
ESMA will organise a public hearing on 20 January 2025.
Further information:
Sarah Edwards
Senior Communications Officerpress@esma.europa.eu
Cristina Bonillo
Senior Communications Officerpress@esma.europa.eu
20/11/2024
ESMA91-1505572268-3856
Consultation Paper on the Conditions of the Active Account Requirement under EMIR 3
Consultation on the Conditions of the Active Account Requirement under EMIR 3
Open hearing on the Consultation on the Active Account Requirement under EMIR 3