EACT co-signed the attached letter with other associations representing corporate end-users concerning EMIR review – this letter summarises all the issues we have been lobbying for, i.e. to maintain the hedging exemption and move towards single-sided reporting and an exemption from intragroup reporting.
For your information, the timetable of the EMIR review is likely to be:
- End 2016: Commission to finalise impact assessment (EACT to provide a paper on the impact on corporates)
- End March 2017 (Commission target, but rather likely to be delayed by a few months in my view): Commission legislative proposal for EMIR review to be adopted
Vice-President Dombrovskis EMIR review letter – corporate end-users 16-12-2016