Nadchodzące wydarzenia w UE – Compliance Calendar (update)

Nadchodzące wydarzenia w UE – Compliance Calendar (update)

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Poniżej  spodziewane daty wybranych nadchodzących wydarzeń na rynku UE dotyczących rynku instrumentów finansowych OTC na podstawie ISDA OTC Compliace Calendar – II.2016

1H 2016EMIRClearing and frontloading for Interest Rate Derivatives under EMIR go live. The Regulatory Technical Standards (RTS) on clearing for Interest Rate Derivatives entered into force on December 21, 2015. Clearing will commence for Category 1 counterparties (clearing members) on June 21, 2016, and December 21, 2016 for Category 2 firms (financial counterparties who notional traded exceeds a pre-defined threshold). Trades entered into between Category 1 firms after February 21 will be subject to frontloading, while contracts entered into with Category 2 after May 21 will be subject to frontloading (if those trades have a minimum remaining maturity of six months at the end of the phase-in period)
1Q 2016MARExpected ESMA consultation on the definition of inside information for commodity derivatives under the Market Abuse Regulation (MAR).
Mid-2016EMIRThe EC shall is expected to publish a review of EMIR and submit any appropriate proposals to the European Parliament and the Council. The scope of the review includes: CCP access to central bank liquidity; impact of EMIR on use of OTC derivatives by non-financial firms; and the functioning of the supervisory framework and colleges.
Early February 2016MIFID II/MIFIREC expected to pronounce on amendments to Level 1 for e.g. MIFID 2/MIFIR effective dates and/or Packages.
February 2016EMIROn November 11, ESMA published a clearing obligation RTS for other interest rates derivatives, including SEK, PLN, and NOK fixed-to-float swaps and NOK, PLN and SEK forward rate agreements. The European Commission has until February 11 to endorse the RTS before it sends the RTS to the European Parliament and Council for a one-month non-objection period.
February 2016MAREC expected to pronounce on adoption and/or sending back (to ESMA) of RTS for further amendment, regarding MAR.
February 2016EMIREMIR: ESAs expected to adopt draft RTS on Margin.
Mid-February 2016MIFID II/MIFIRExpected publication of the EC Delegated Acts on the Markets in Financial Instruments Directive 2 / Markets in Financial Instruments Regulation (MiFID2/MiFIR).
March 2016MIFID II/MIFIREC expected to endorse first wave of RTS (for which they have not have not expressed any objection) regarding MIFID 2/MIFIR RTS.
End of March / Early April 2016MARExpected publication of the Delegated Acts for the Market Abuse Regulation (MAR) in the EU Official Journal. Entry into force 20 days later. Application date July 3, 2016
June 2016BenchmarkExpected publication of the regulation on indices used as benchmarks in financial instruments and financial contracts (Regulation on Benchmarks) in the official journal of the European Union.


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