EMIR review

Between 2015 and 2016 the Commission carried out an extensive assessment of EMIR. This included:

Following this evaluation, in May 2017 the Commission proposed a first set of amendments to EMIR. These amendments will introduce simpler and more proportionate rules on OTC derivatives that will reduce costs and burdens for market participants, without compromising financial stability.

The Commission also adopted a communication, outlining further changes to EMIR and setting out its intentions on how to respond to new emerging challenges in derivatives clearing.

In June 2017, the Commission proposed a second set of amendments to EMIR to enhance the supervision of third country CCPs and make the supervision of EU CCPs more coherent.

First set of amendments (May 2017)

Second set of amendments (June 2017)