EU Legislation Update

On 7 May 2013, the EU Commission published an updated summary of the legislative proposals and non-legislative acts that it expects to adopt between 1 May 2013 and 31 December 2013.  Of particular note are the following:

Proposal

Proposed Date of Adoption

Regulation on a single resolution authority and a single resolution   fund within a single resolution mechanism July 2013 (had previously been due to be adopted in Q4 2013)
Directive/regulation on the reform of the structure of EU banks (i.e. the Liikanen reforms) Q3 2013
Framework for crisis management and resolution for financial institutions other than banks November 2013
EMIR delegated regulation concerning procedural rules for fines on trade repositories October 2013 (had previously been due to be adopted in Q2 2013)
EMIR delegated regulation concerning fees to be charged to trade repositories May 2013

 

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