{"change_dates":[],"dossier":{"amendments":[{"authors":"Markus Ferber, Pervenche Ber\u00e8s, Kay Swinburne, Caroline Nagtegaal","changes":{},"committee":["ECON"],"compromise":["Draft proposal for a decision"],"date":"2017-12-01T00:00:00","id":"PE615.272-1","location":[["","Recital G a (new)"]],"meps":[1917,1985,96920,190519],"meta":{"created":"2019-07-03T06:13:09"},"new":["Ga. whereas Parliament notes that the","RTS does not contain any specific","provisions regarding package transactions","and that further guidance might be","needed by the Commission and ESMA on","the treatment of packages; considers that","this guidance should be in line with the","provisions made within the MiFID II","\u2018Quick Fix\u2019;"],"orig_lang":"en","peid":"PE615.272v01-00","reference":"2017/2979(DEA)","seq":"1","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-615272_EN.pdf"}],"changes":{"2017-12-01T05:18:02":[{"data":[{"body":"EP/CSL","date":"2017-11-17T00:00:00","type":"Initial period for examining delegated act 1 month(s)"},{"body":"EC","commission":[],"date":"2017-11-17T00:00:00","docs":[{"title":"C(2017)07684","type":"Non-legislative basic document published","url":"http://www.europarl.europa.eu/RegData/docs_autres_institutions/commission_europeenne/actes_delegues/2017/07684/COM_ADL(2017)07684_EN.pdf"}],"type":"Non-legislative basic document published"}],"path":["activities"],"type":"added"},{"data":[],"path":["other"],"type":"added"},{"data":[{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","responsible":true}],"path":["committees"],"type":"added"},{"data":{},"path":["links"],"type":"added"},{"data":{"reference":"2017/2979(DEA)","stage_reached":"Preparatory phase in Parliament","subject":["2.50.03 Securities and financial markets, stock exchange, CIUTS, investments","2.50.08 Financial services, financial reporting and auditing"],"subtype":"Examination of delegated act","summary":["Supplementing"],"title":"Trading obligation for certain derivatives","type":"DEA - Delegated acts procedure"},"path":["procedure"],"type":"added"}],"2017-12-03T04:15:16":[{"data":{"body":"EP","committees":[{"body":"EP","committee":"ECON","committee_full":"Economic and Monetary Affairs","responsible":true}],"date":"2017-11-29T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},"path":["activities",2],"type":"added"},{"data":"ECON/8/11581","path":["procedure","dossier_of_the_committee"],"type":"added"},{"data":["Preparatory phase in Parliament","Awaiting committee decision"],"path":["procedure","stage_reached"],"type":"changed"}],"2017-12-07T04:52:59":[{"data":["Initial period for examining delegated act 1 month(s)","Initial period for examining delegated act 3 month(s)"],"path":["activities",0,"type"],"type":"changed"},{"data":["Rules of Procedure of the European Parliament EP 010-p6"],"path":["procedure","legal_basis"],"type":"added"}],"2018-09-12T15:08:15":[{"data":{"body":"EP","date":"2017-12-06T00:00:00","type":"Decision by committee, without report"},"path":["activities",3],"type":"added"},{"data":{"body":"EP","date":"2017-12-13T00:00:00","docs":[{"text":["
The European Parliament decided not to object to\nthe Commission delegated regulation of 17 November 2017\nsupplementing Regulation (EU) No 600/2014 of the European\nParliament and of the Council on markets in financial instruments\nwith regard to regulatory technical standards on the trading\nobligation for certain derivatives.
\nAs a reminder, Regulation\n(EU) No 600/2014 of the European Parliament and of the Council\non markets in financial instruments and amending Regulation (EU) No\n648/2012 (MiFIR Regulation) introduces a trading obligation for\nderivatives.
\nIn accordance with Article 28 of MiFIR, derivatives\nthat are subject to the trading obligation may only be traded on a\nregulated market, multilateral trading facility, organised trading\nfacility or third-country trading venue deemed to be equivalent by\nthe Commission.
\nThe European Market Infrastructure Regulation (EMIR)\nentrusts the European Securities and Markets Authority (ESMA) with\nthe task of developing draft regulatory technical standards to\nclarify which classes of derivatives may be used to satisfy the\nclearing obligation imposed by Article 4 for over-the-counter\nderivatives belonging to a class of derivatives which has been\ndeclared subject to the clearing obligation.
\nThe delegated regulation sets out in its Annex the\nclasses of derivatives that should be subject to the trading\nobligation introduced by Article 28 of MiFIR.
\nESMA submitted the draft regulatory technical standard\n(RTS) on 28 September 2017 with an accompanying letter to the\nCommission, asking all parties involved to commit to shortening\ntheir deadlines to ensure that the political objective for the\ntrading obligation to apply as of 3 January 2018 is\nachieved.
\nParliament considered that the regulatory technical\nstandards adopted is not the same as the draft regulatory technical\nstandard submitted by ESMA due to the Commissions amendments\nto the text. Parliament considered that it has three months to\nobject to the regulatory technical standards (scrutiny\nperiod).
\nThe delegated regulation should apply from 3 January\n2018, the date of application of Directive\n2014/65/EU (MiFID II) and Regulation (EU) No 600/2014 (MiFIR).\nHowever, the full use of the three-month scrutiny period available\nto Parliament would go beyond the date on which the rules on the\ntrading obligation take effect.
\nParliament underlined the importance of the Commission\nfinalising the appropriate equivalence decisions before the trading\nobligation comes into effect. It therefore considered that a\nswift publication of the delegated regulation in the Official\nJournal would allow for timely implementation and legal\ncertainty concerning the provisions applicable to the trading\nobligation for derivatives.
\nThe European Parliament decided not to object to\nthe Commission delegated regulation of 17 November 2017\nsupplementing Regulation (EU) No 600/2014 of the European\nParliament and of the Council on markets in financial instruments\nwith regard to regulatory technical standards on the trading\nobligation for certain derivatives.
\nAs a reminder, Regulation\n(EU) No 600/2014 of the European Parliament and of the Council\non markets in financial instruments and amending Regulation (EU) No\n648/2012 (MiFIR Regulation) introduces a trading obligation for\nderivatives.
\nIn accordance with Article 28 of MiFIR, derivatives\nthat are subject to the trading obligation may only be traded on a\nregulated market, multilateral trading facility, organised trading\nfacility or third-country trading venue deemed to be equivalent by\nthe Commission.
\nThe European Market Infrastructure Regulation (EMIR)\nentrusts the European Securities and Markets Authority (ESMA) with\nthe task of developing draft regulatory technical standards to\nclarify which classes of derivatives may be used to satisfy the\nclearing obligation imposed by Article 4 for over-the-counter\nderivatives belonging to a class of derivatives which has been\ndeclared subject to the clearing obligation.
\nThe delegated regulation sets out in its Annex the\nclasses of derivatives that should be subject to the trading\nobligation introduced by Article 28 of MiFIR.
\nESMA submitted the draft regulatory technical standard\n(RTS) on 28 September 2017 with an accompanying letter to the\nCommission, asking all parties involved to commit to shortening\ntheir deadlines to ensure that the political objective for the\ntrading obligation to apply as of 3 January 2018 is\nachieved.
\nParliament considered that the regulatory technical\nstandards adopted is not the same as the draft regulatory technical\nstandard submitted by ESMA due to the Commissions amendments\nto the text. Parliament considered that it has three months to\nobject to the regulatory technical standards (scrutiny\nperiod).
\nThe delegated regulation should apply from 3 January\n2018, the date of application of Directive\n2014/65/EU (MiFID II) and Regulation (EU) No 600/2014 (MiFIR).\nHowever, the full use of the three-month scrutiny period available\nto Parliament would go beyond the date on which the rules on the\ntrading obligation take effect.
\nParliament underlined the importance of the Commission\nfinalising the appropriate equivalence decisions before the trading\nobligation comes into effect. It therefore considered that a\nswift publication of the delegated regulation in the Official\nJournal would allow for timely implementation and legal\ncertainty concerning the provisions applicable to the trading\nobligation for derivatives.
\n