EC Adopts Equivalence Decision for Derivatives Transactions Chile

  • EC Adopts Equivalence Decision for Derivatives Transactions Chile
  • EC Adopts Equivalence Decision for Derivatives Transactions Chile
  • EC Adopts Equivalence Decision for Derivatives Transactions Chile
  • When can the Commission adopt an equivalence decision?
  • Once the technical assessment is complete and all technical criteria are satisfied, the Commission can formally adopt an equivalence decision. An equivalence decision may take the form of an implementing or delegated act, in accordance with what is envisaged in the corresponding equivalence provision in the basic act.
  • How does the European Commission determine equivalence?
  • The European Commission may determine that the regulatory or supervisory regime of certain non-EU countries is equivalent to the corresponding EU framework. The page includes a list of all equivalence decisions adopted by the Commission in the area.
  • What is an equivalence decision?
  • An equivalence decision may take the form of an implementing or delegated act, in accordance with what is envisaged in the corresponding equivalence provision in the basic act. The equivalence decision may stipulate The European Commission takes stock of its overall approach to equivalence in the area of financial services.
  • When will a transitional equivalence regime continue to apply?
  • This transitional regime will therefore continue to apply until 28 June 2022. Mairead McGuinness, EU Commissioner responsible for financial services, financial stability and Capital Markets Union said, “Today's decision gives us a bit more breathing space while we continue to work on equivalence decisions.
  • Are Equivalence decisions valid in India?
  • However, the scope (e.g. full or partial) and nature (e.g. temporary or permanent) of equivalence decisions vary and must always be verified against the decision on equivalence for the particular jurisdiction concerned. Transitional regime for India only valid for reports on financial years starting before 1/4/2016.
  • Is the equivalence decision with SEC CCAs relevant?
  • However, given the limited number of types of OTC derivatives currently subject to the clearing obligation under EMIR, 5 the equivalence decision with respect to SEC CCAs will not be relevant for such purpose.

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