The EAPB, together with a large number of European and international financial sector associations, informs on the industry approach to the CSDR settlement discipline regime. We support the political agreement by the EU legislators on changes to Regulation (EU) No 909/2014 (“CSDR”) that allow for a delay to the implementation of mandatory buy-ins.Download
We welcome the opportunity to submit comments on the draft-amending regulation to the General Block Exemption Regulation published on 6 October 2021. The State aid Temporary Framework (TF) has demonstrated to be a highly effective tool to support the economies within the EU Member States during the economic crisis proving that the European Commission has displayed a high degree of pragmatism and speed in adopting these rules. We believe that this pragmatism and efficiency should also be the guiding principles in this review.Download
Our associations, EACB, EAPB, EFAMA, ESBG and EUSIPA, would like to thank the European Commission for its efforts over the last few months in ensuring a timely adoption of the UCITS and PRIIPs quick fixes aiming to prolong the temporary exemption to certain retail fund products which are currently still producing the UCITS KIID. In this respect, we very much welcome the co-legislators’ recent agreement to extend this exemption until 1st January 2023.Download
The EAPB has concerns that existing internal classifications together with CRR2 classifications will not achieve sufficient granularity to identify business models and/or activities that are disproportionately affected by specific pieces of regulation. See more detailed comments in the answers below.Download
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