ECON votes on EMIR Refit Regulation

On 16 May 2018, the European Parliament published a press release stating that the Committee on Economic and Monetary Affairs Committee (ECON) had voted to adopt a draft report on the proposed Regulation amending the European Markets Infrastructure Regulation (EMIR). The draft Regulation is commonly known as the EMIR Refit Regulation. The next step will be for the European Parliament (EP) to consider in one of its plenary sessions in May or June 2018 the motion for a resolution of the EP, as set out in the report. On the same date the EP published a further press release stating that ECON had voted in favour of a draft report on the proposed Regulation amending the Regulation establishing ESMA and amending EMIR as regards the procedures and authorities involved for the authorisation of central counterparties (CCPs) and requirements for the recognition of CCPs. The press report states that in terms of next steps, three-way negotiations between the EP, the Council of the EU and…

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